As you know this yourself, all "startups" are not risky. early stage startups are risky. "Startups" that have reached a growth stage are not necessarily risky (that scaling phase is about throwing gasoline in the fire). Your compensation package, role and type of work you do at any of these companies is on par with that of a big company. Many metropolitan areas are filled with companies that fit this profile... why work at a crappy place when you can get steady income from a safe place & fun place?