Absolutely! I’ve avoided hyper growth companies for many years and I’m very glad I made that decision. There are sometimes attractive salaries and roles at these places, but ultimately you are most likely to become irrelevant and disposable. Even if you’re a particularly talented and capable person, very few companies are run well enough to ever expose and utilize that. Your career is at risk of stagnating, I think.
There are exceptions of course. The risk to reward ratio seems pretty bad to me, though.