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I might say a person should try to work in different worlds i,e; the Prod Dev coz , services and startups( I would consider startups seperately from PD) and consulting. Each of these lets you explore a different quality in you. Doesn't it?
Its risky business, and today, when world's economy is falling like ripe apples from tree, a startup will take off or not, nobody can be sure of that!
Its a great place to learn, no doubt about that, but for future job security, I think its a NO! NO!
However,working for a start-up as a part time affair can be 'Sone pe suhaga' offer.There is so much freedom to learn and grow along with the value the expirience it adds to the resume
Infact,Being associated with moneyvidya.com has helped me learn the Startup dynamics to a great extent.And i dont even have to give more than 5-6 hours a week.