Agree 100%! I made a grand total of $18,000 in stock from failed startups I joined over the years. And that was with 2% of the one company that earned anything in my pocket. OTOH I did a lot better joining growing post-IPO companies where my 0.1% was 0.1% of something, something already selected for success by earning the IPO achievement badge. Which is to say I'm a contrarian that believes if one were to go someplace like facebook right now and fit in, things would probably turn out reasonably well in the long-run.

After all, Google was minting millionaires a good two years past their IPO...