This comment seems like 15 years outdated to me. I'm curious what you think "normal" pay and "startup" pay are. Or maybe how early you're drawing the line for defining "startup".
Being in the first handful of non-founder startup employees at some seed stage company is probably not the most lucrative thing, but once companies are post Series A, as far as I can tell they tend to be comp competitive with bigger companies.
Obviously not many companies can compete with Meta or Jane Street for salaries, but that's true whether you're talking about a startup or the majority of the S&P 500 companies.
Being in the first handful of non-founder startup employees at some seed stage company is probably not the most lucrative thing, but once companies are post Series A, as far as I can tell they tend to be comp competitive with bigger companies.
Obviously not many companies can compete with Meta or Jane Street for salaries, but that's true whether you're talking about a startup or the majority of the S&P 500 companies.