Come on. Being part of a startup is not about whether you can get a good salary for reasonable hours. It's not about founders trying to take advantage of engineers to enrich themselves.

If you're considering a startup, ask yourself: am I passionate about what this startup is trying to accomplish? If you really are, join the team. Get on the bandwagon. You get equity, which means your successes are shared. If it's just another startup that you don't care about, it's not a good match anyways.