The variation in startups will be much greater than in corporate America, so some startups will be well run, but some will be more badly run than any large company and by some truly vile people. It’s definitely a gamble. Unfortunately, people just out of school lack the experience to judge, so some get lucky and some get taken advantage of. My advice is to treat options like a lottery ticket, make sure you get paid well in cash, and then startups can be a heck of a lot of fun. They won’t pay a google compensation, but enough to be comfortable, and hey, maybe you get lucky!
Early non-founder employees do tend to get screwed relative to the business vultures who show up later, the CTO getting $10 million/year brought on after the company has gone public but did nothing to get it there is just wasteful corporate cronyism.
Early non-founder employees do tend to get screwed relative to the business vultures who show up later, the CTO getting $10 million/year brought on after the company has gone public but did nothing to get it there is just wasteful corporate cronyism.