Of course, there's an argument that working at a startup is about more than just immediate compensation. You could get equity stake, with the potential to get a big payoff later. However, this isn't off the table if you join an older firm. Some companies offer an employee stock purchase plan or similar incentives that pay handsomely on top of compensation.
There is, according to the study, an exception to the finding that startup employees earn less than those who work with established firms. It appears there is a sweet spot for joining a new venture: After it reaches about 50 employees but before it reaches its fifth year in business. Those who started at this point actually reported slightly higher earnings than those who opted to work at an established firm from the start of the study period.
For those who work in tech, it makes sense why a startup is perhaps emotionally thrilling, but a gamble career-wise. After all, going to an established firm does mean high pay, usually competitive benefits and perhaps an employer stock purchase plan.
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