It is a shame they don't...
Look at a "real" company and allow its principals to help write the scripts of its ups and downs. I've lived (it was a while ago) a startup life from "first employee" all the way to Chapter 7 bankruptcy. It was a wild ride, and taught me BUNCHES about how VC's think and the like.
Hint: If you get a new CEO, two weeks later there WILL be layoffs (this happened twice to me). I'm 1 for 1 in living through it.