He's applying labels which is never good. Startups have a huge range and aren't necessarily just people who are living on ramen hoping to strike it big. I think this is a huge misconception in fact. While there are people out there who are experimenting with new trends, there are also many people (from what I've noticed) who have found a target market and are able to pull in some money. I would be interested to see some statistics on sv startups vs. general entrepreneurs across the US.