This "fact" keeps getting repeated here. While it may be typical for Google, it is in no way typical for "the bay". Median salary is around $110K for sw developers, and I highly doubt people are getting 100% of their salary in RSUs and bonuses their first year.
Huh? $110k is low. $90k is the starting salary at a lot of companies in the Bay Area for an entry level software engineer.
Myself, I make $160k base salary at a small company in Palo Alto (was offered that at 2.5 years of experience), and know I could've gotten a lot more elsewhere.
At any rate, I've received more than my fair share of $200k+ 1st year total comp offers for _start ups_ in SF for positions that only wanted 2-3 years experience. So, I wouldn't be so surprised.