No, there are some things that happen in startups which absolutely don't happen in established businesses in North America. I've seen fraud, overt sexism, early-stage employees fired the week before they vest, and tyrannical abuse of underlings.
That said, the author of the post works only in the LA area, so I think all his experience has been with media-oriented startups. I have a feeling there's a higher degree of frat boy douchiness in that world. San Francisco startups tend to have a more placid, nerdy, bike-rack-in-the-lobby atmosphere, although they can ultimately be just as cruel.
Big companies have fraud, just look at Enron. The sexism isn't overt for legal reasons, but that doesn't change the end results. One very big, very old company I worked had a manager who loved hiring attractive female interns and another who almost exclusively hired people from his home country and all but openly admired to preferential hiring based on nationality.
When someone at a big company is conveniently let go before their green card is approved or that big bonus is paid out, it isn't a "firing," but a "layoff" as the company "right-sizes." Bad bosses abuse underlings when they think the job market lets them get away with it and will not hesitate to punish those who step out of line.
Come to think of it, I've seen everything you describe at some of the many Fortune 500 companies I've consulted at. Sadly, human nature defies corporate size, and bad behavior can even creep into very big companies.
That's true, but what's also true is that virtually every bigco has checks and balances to address that problem, whereas the job of HR in a post-A-round startup is mostly to screw you on health insurance.
Whether those checks function well or not, there's usually nothing you can do about an irrational or abusive CEO or VP/Eng at a startup.
The sexism isn't overt for legal reasons, but that doesn't change the end results.
Hmm, Oddly enough, I think that laws on sexism, racism and reasonable behavior by employers actually influences their behavior. There may still be sexist attitudes, say, at a large company but the norm is to make a serious effort prevent them. Believe it or not but laws actually matter... Laws don't prevent bad behavior but they certainly mitigate it. Also, I suspect that one sees bad behavior most often the very top of the large corporations, since those with the most power are naturally mostly likely see themselves as above anyone's else's laws. But the top of a large company is a small area compared to the vast middle.
Big companies have infinitely more to lose. Something else I've seen repeatedly in my career: even frivolous claims of harassment are settled with cash, because the cost to fight them is too high.
You can't do that with a tiny startup because there's not enough to sue for.
Well, they clearly don't have infinitely more to lose, that is ridiculous. Don't throw that word around, it make you look stupid to mathematicians, and you don't want to make a mathematician angry, They understand the language of the universe.
Indeed! Never exercise options without a full understanding of preferred vs common stock, and what sort of preferences the founders and investors have. Naive founders may end up signing deals with ridiculous liquidation terms.
Also beware offers of significant amounts of stock in exchange for sticking around for an acquisition. The investors likely know the company won't reach its liquidation preference and thus whatever shares they give you are actually worthless.
That said, the author of the post works only in the LA area, so I think all his experience has been with media-oriented startups. I have a feeling there's a higher degree of frat boy douchiness in that world. San Francisco startups tend to have a more placid, nerdy, bike-rack-in-the-lobby atmosphere, although they can ultimately be just as cruel.