Common Stocks vs Preferred Stocks

Hi FLFers,

I've recently been approached by a company to help them with their ecommerce ambitions. They're proposing a $0.50 per unit sale fee as well as 10,000 in Common Stock options. I've been digging around and it's my understanding that Common Stocks are the first to be diluted during financing. The more secure option is Preferred Stocks. Should I go back and renegotiate 10,000 in Preferred Stocks or accept the Common Stocks settlement?

This company is a startup with healthy revenues...

Common Stocks vs Preferred Stocks

from Common Stocks vs Preferred Stocks