The one phrase I've come to despise is "entrepreneurial risk", especially when it's used to justify exorbitant salaries of the higher ranks. Because, really, that "risk" for the most part is trickled down to the peasants who get laid off at a heartbeat whenever business is bad. They're not people with families and liabilities and lives, they're commodities.

I'd say your risk of losing your livelihood is higher as a simple employee than as a CEO when we're talking about post-startup companies.