They are indeed contradictory statements. In this case, I think he's simply wrong. I've met many startup founders in silicon valley who had worked at places lik

They are indeed contradictory statements. In this case, I think he's simply wrong. I've met many startup founders in silicon valley who had worked at places like morgan stanley and goldman sachs. Fred Wilson's just upset that they aren't working at HIS startups. And why would they? The pay is bad (compared to wall street, or even working at google), the startups are dumb and there's not even much theoretical upside.