Ah! The equity position as fake compensation. Unfortunately for the worker beeze, said "equity" usually turns out to be worthless in a exit, except in unicorn situations (Facebook, etc). The founders, early investors and insider shareholders are all first in line, so mostly likely, you end up with shit, or maybe some options that might be worth something in a few years, if the company hasn't tanked by then.

No thanks, unless I can take your company stock and flip it the same day, I'll take cash.