[snowmaker]

I think the idea of startups offering perks as a way to compete with big companies is a good one. Being more flexible on how employees work and offering things most big companies don't (fully remote, for example), is one of the things startups can uniquely offer.

The thing about fiddling with liquidation preferences is that it's very hard to change and will have minimal impact on the bottom line for employees. Liquidation preferences only matter in the case of companies that fail, where they might make the difference between making $0 and making a tiny bit of money. Employees will make virtually all of their money on the companies that are successful.