But it's a reality that there
are other people out there who have a different attitude. Many (most?) of them are fully aware that there are other people out there who are primarily motivated by financial gain, and they don't care. They look out for the things they care about (oftentimes it's time with their family, a sense of purpose in life, a friendly work environment, etc.), while accepting that other people will be making a profit off of them. This isn't exploitation; it's trading something you value for something you don't. And Fred Wilson's advice here is how to provide the non-financial things that other people value so you actually have something to offer the folks who are not motivated by money.
It's only an issue when someone thinks they are motivated by non-financial perks and then realizes later in life that they actually really do care about money most. People that know what they value and are confident in that can't be taken advantage of. So put some thought into that early in life and make decisions accordingly.