All of the valley is in a bidding war for talent right now. I don't think there has ever been a better time to be a software engineer.
There was a while when startups were more attractive for compensation than FAANGs, but the big companies really stepped up their game.
Nowadays you can work at a startup and hope to make a few million dollars in the unlikely event that it IPOs and you got in early enough to have a lot of shares, or you can work at a FAANG and be guaranteed to make a million dollars every 4-5 years, or even more frequently, and you'll have better benefits too.