I think it's relative, really. The redundancy waves have a rhythm to them, and if you avoid one you're safe until the next. Contrast this to one of my previous experiences at a startup where I came in on Monday to discover there was no money, the CEO had been funnelling company funds to his boyfriend and once discovered the small office had turned to Lord of the Flies.

I wouldn't say I have the perfect job security, but I'm reasonably assured I'll get paid this month and I try not to worry about situations that haven't happened yet. I think if I had a family that depended entirely on me I'd be much more concerned.

I'm not sure I'd call it stockholm syndrome directly, but I'd agree it's definitely some form of conditioning.

That is somewhat of a sensible view if you've seen the worst of the worst in startups - I just feel that rounds of layoffs are more common; but then again I work in a government-y enterprise situation with no layoffs.