LegoMaster in  
Software Engineer  

If given the choice, would you prefer lower base pay and higher equity or higher base pay and lower equity?

I'm a junior developer right now and I would choose higher base and lower equity. Realistically, I know my work won't make a BIG impact to the stakeholders.

How about you guys?

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AlwaysRockSoftware Engineer  
It depends a lot on the company. If you plan on being there 4+ years and you really think they have a high likelihood of being acquired/ipoing then equity. But that is kind of like winning the lottery. Most of the time higher base is going to be the better bet.
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coffeeplsSolution Architect  
I agree, getting more cash on your hands is better rather than having equity for a company that could go under.

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