What's "meaningful equity"? 1% of 0 is the same as 50% of 0.

That's part of my point. My main point is that you should only do a startup if you truly believe in it (and you should realistically assess this before accepting, as hard as it may be). I think the biggest point of these articles is "don't join a startup for joining a startup's sake." That said, I like to think joining Dropbox or Google while a student and they are startups would have made sense (even discounting hindsight being 20/20, sorry for using these two, but they were the best examples I could come up with) if you were an avid user of either or had the opportunity to meet Larry/Sergey. Meaningful equity to me is enough that if it hits, you at least have enough money to spend a few years doing what you want. My main point is, there are some startups worth joining. But don't join a startup because working at a startup is "better."

I personally love working at the startup I work at, although we are later stage and moving out of the startup phase (I get paid market, and have solid insurance).