[acdha]

If you think they have a future, ask for stock – they're asking you to accept low pay to help their business, so it's only reasonable to expect part of that return in exchange. The usual cautions about option games apply but again, if you're expecting to get screwed cut to:

If they're doomed and / or you don't trust them (i.e. does it seem like the managers also subject to low pay?), start looking.