I've had a number of chats with Dan Luu about this. If you want the high risk, high reward of a startup, while earning the total comp of a FAANG, you can work for FAANG and angel invest on the side. If out of college, you work for FAANG for ~5 years, you'll be able to meet the requirement for an accredited investor by making over $200k a year. At that point, you can invest any disposable income into early stage startups.
In addition to getting the benefits of both working at a startup and working at FAANG, you also get the benefits of an investor! You are able to diversify your portfolio across several different startups and you are able to get liquidation preference in any startup you invest in.
In addition to getting the benefits of both working at a startup and working at FAANG, you also get the benefits of an investor! You are able to diversify your portfolio across several different startups and you are able to get liquidation preference in any startup you invest in.