I sort of agree with you regarding the salary. The thing is, there are now a whole bunch of companies in the valley paying total comp close to or above 300k. You don't need to go to a FANG to get that. What you get at a FANG is name recognition and a chance to work on possibly more impactful or well known software. You also get the chance to deal with overachievers who think the only path to success is to work yourself to death for a FANG.