Nobody is going to offer you priority stock with maximal liquidation preference, even if you are at CxO level (you get priority, but a lower liquidation prefere

Nobody is going to offer you priority stock with maximal liquidation preference, even if you are at CxO level (you get priority, but a lower liquidation preference). Investors get the best ones; regular employees are out of luck most of the time; they should be happy just to get (worthless) common stock.