I’ll say it again — avoid random startups! In the words of Sam Altman, “unless you are getting multiple percent of equity, it’s usually a bad deal to join an early-stage startup that hasn’t yet found product-market fit and the resulting growth (there is a big exception here for hard tech startups that will take a long time to produce a product but be incredibly
valuable if they’re able to).”
I've seen advice to not work for startups that aren't well on their way to becoming the next big thing at least a dozen times this month. Instead go with an established company (Google often mentioned at this point). It seems that this sentiment is spreading quickly right now and often backed up by citing lower wages and lottery type chances at the equity being worth anything in the future. This article gets into it a bit as well as noted in the above quote.
Maybe it is a vocal minority right now, but it seems that it will be difficult for "random" startups to get anywhere if they can't bring talent onboard.