It's important to compare like against like. There's a bias in favor of startups because the relative positions are different; he's comparing being the owner of one against being an entry- or mid-level employee in the other.
Working for a company can be good if you do it right. The issue is that, in order for it to still be worth it to come in to work after about 6 months, you need to become someone's protege and get beneficial consideration regarding project allocation, career development, and responsibilities. Much of whether or not this happens is based on luck, not performance or even talent, so it usually takes 3-5 rounds before getting it to work. Most people conclude after 1-2 rounds that the game is just rigged against them and that jobs suck.
Working for a company can be good if you do it right. The issue is that, in order for it to still be worth it to come in to work after about 6 months, you need to become someone's protege and get beneficial consideration regarding project allocation, career development, and responsibilities. Much of whether or not this happens is based on luck, not performance or even talent, so it usually takes 3-5 rounds before getting it to work. Most people conclude after 1-2 rounds that the game is just rigged against them and that jobs suck.