Short of interning there are limited ways to truly understand the pro's and con's and making an informed decision (which is in everyone's interest).
I was inspired to see a free event organised by
Y-Combinator, a fantastic incubator in the US, devoted specifically to helping developers make informed decisions as to whether they want to take the leap into startups:
"We'll begin with a presentation that explains in general what you need to know about working for a startup. Then we'll have series of rapid-fire presentations by YC-funded companies currently looking to hire programmers, explaining what it would be like to work for them specifically. After the event we'll have a barbeque where you can talk one on one with the founders of any company that interested you."
More here:
http://workatastartup.org/
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CommentArjan Tupan