You've missed the main point of the article, which is that startups can become pathological work environments in ways that are not an option for large companies.
shareholder meetings, properly run AGMs and the SEC are pretty good at weeding out boards who zig-zag or bicker. million dollar plus investments in companies with very little oversight are a different story. This is why it's called high-risk, and VCs accept it- but in reality if 9/10 listed companies crashed-and-burned after IPO...
