I don't mean that to even sound bitter or cynical, but it's just a fact if you look at most founders, even the ones that fail miserably.
There is always an excuse. The parents are professors, or upper middle class dentists, or your mom does charity for United Way and managed to become the leader of the charitable organization and managed to meet some exec from IBM. Given how diverse these professions are and that they basically describe a slightly upper middle class family, im gonna guess their children account for more than 1%.
I mean, it's not the worst thing he could do but it would be great if he at least acknowledged the privilege filter once in a while.