[ThrowawayR2]

There are secondary benefits of working at a FAANG as well that translate to money over time, such as the halo effect on one's resume and the considerable education and training resources available internally at small or zero cost.

[arcticbull]

This is particularly true of people management. Small companies aren't set up to help people transition to people management whereas FAANGs have a proven track record of doing this successfully. This is why start ups end up with such shitty management. They throw long serving ICs into management roles without support and hope for the best.