I think you are in the sweet spot. Equity compensation drops fast for early employees. Roughly, the first employee might get 1-2%, but by employee #10 it is down to 0.25-0.1%. At that level, you would still need a billion dollar exit to get into FU money territory.

And keep in mind, at the early stage startups salaries are often lower and the startup is likely pre product market fit. So it is much more risky. Employee #100 feels like the sweet spot because it likely means the startup has found product market fit and is hitting the accelerator re growth, but you still get a taste of early employee equity.

Of course this is just in terms of maximizing "IPO lottery" potential. If you are trying to maximize probable net worth, FAANG probably wins due to higher compensation.