Sure, everyone wants to work in a good working environment, but I think the idea that "nobody left because of the money" is finally being put to bed.
The fact is that corporations and VCs have always realized that business is primarily just about the money, and their ability to get people to work for their "passion" has resulted in people getting underpaid. I'm always especially amused when people are expected to have "passion" when they're working at like a bank or an insurance company.
You work to make money. There are plenty of opportunities for hobbies and volunteering for passions. I'm not saying you shouldn't enjoy what you do at work, but don't lose sight of why someone is paying you to do it.