The first couple of bands I was in (early '80's), it was really exciting and felt very cool. There was a 'buzz' around, people loved live music, and bands were also writing songs which chimed with the times.
There was a cameraderie between the local bands, we'd organize gigs between us, lend and borrow gear, trade licks and hang out at the same studio. It was great to be riding that wave.
The last two bands I was in (mid '90's), one a covers band doing mostly Seger, Springsteen, Mellencamp and Petty covers, the other a straight ahead blues/rock band weren't so much fun..lots of tension, lack of cohesion as far as material went, no thought given to stagecraft and by that time, very few places where a live band (like us) was really appreciated.
I enjoyed it on the good nights, but I don't miss it, not a bit.