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One of the creators (Devi Parikh, a prof and RS at Facebook) tweeted about it and has answered a few questions about that: https://twitter.com/deviparikh/status/1310610025212071939

Seems well aware that equity offers usually vest over 4 years e.g.: https://twitter.com/deviparikh/status/1310654018654367744

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You're telling me multiple L4s are getting $254k/yr ($1 mil total) in equity? That's surprising to me, and I thought I had a sense of the market.

I've seen (and tried to compete with) mid-level (not quite senior, not quite entry-level) pure SWE (non-AI, infrastructure-type roles) offers with that much equity at public firms.

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