MR16s (the type of bulb in the parent's video) are tough because of their size and limited surface area relative to their lumen output. Most retrofit lamps such as the A19 (the form-factor that most people think of when they think of a light bulb) have 100% passive thermal management. That said, there are a few really good fully-passive, high-output MR16s on the market.
I believe switching capacitors in the power supply are what limit the lifetime of most LED bulbs - electrolytic caps being one of the worst offenders. Good thermal management helps mitigate these problems, but a lot of failures are chemical in nature - caused by the degradation of the capacitor's electrolyte. This is why we've all seen the capacitor choice in motherboards and PSUs used as a marketing item.
Full disclosure: I used to work for a well-known LED lighting company, but please take the above with a grain of salt as I am not an electrical engineer. [Edit: And of course, these views I've expressed are my own and not representative of my past employer.]
I believe switching capacitors in the power supply are what limit the lifetime of most LED bulbs - electrolytic caps being one of the worst offenders. Good thermal management helps mitigate these problems, but a lot of failures are chemical in nature - caused by the degradation of the capacitor's electrolyte. This is why we've all seen the capacitor choice in motherboards and PSUs used as a marketing item.
Full disclosure: I used to work for a well-known LED lighting company, but please take the above with a grain of salt as I am not an electrical engineer. [Edit: And of course, these views I've expressed are my own and not representative of my past employer.]