Shareholders don't have "primacy", eg they're last in bankruptcy. If you're asking for them to never get anything, then they're not going to participate, and th

Shareholders don't have "primacy", eg they're last in bankruptcy. If you're asking for them to never get anything, then they're not going to participate, and this is supposedly a forum about startups. In tech the employees also tend to be shareholders which I think is healthier.