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http://www.quora.com/Engineering-in-Silicon-Valley/As-an-employee-of-a-early-stage-software-startup-what-are-the-disadvantages-if-the-startup-fails-after-1-2-years
Conversely, is joining a startup financially rewarding? Probably not.
http://www.quora.com/Startups/What-startup-could-make-me-a-millionaire-in-four-years-if-I-got-hired-as-an-employee-today
So are startups too safe now?
While I've lead tech teams and have conduct interviews as part of an established company, doing it as a one person shop is much harder.
The first problem is getting applicants. Are paid job boards worth it?
After getting applicatns, how do you manage them? Do you use something like Resumator?