I doubt that this is true at the MS/PhD level. The Stanford MSEE degree is over exploited commercially . Anyway, Berkeley has the MOT ( Management of Technology) program for PhD students. Many startups also had their beginnings at Berkeley. Stanford appeared to be a better place for entrepreneurs probably because of the fame of Google. Also at Berkeley you can take as many classes as you want whereas at Stanford if you take more than 10 credits ( as provided by your fellowship/TA/RA) you have to pay extra. Berkeley campus is considered by many to be more beautiful and it is very close to San Fransisco. And all the things you heard about the Quals at Stanford, the competitiveness this results and how they admit more students than they can afford til PhD and plan to cut 50% of them are all true.