If you're not a FAANG engineer, and like 95% of people work somewhere that doesn't give you a ton of stock or RSUs, and you don't live in a super expensive metro, $100-150k is basically strong mid/weak senior money. I know plenty of places hiring with no stock, no bonuses, and seniors top out at $160k or so. They hire capable engineers no problem.
With that in mind, taking a pay cut into the middle of that range to do your own thing and potentially make a lot more isn't as drastic as going from a $400k FAANG job to a $35k ramen-every-meal situation.
This brings back fond memories of playing tag with my brothers through the cubicles where my dad worked when he had weekend work to do, complete with a vending machine room and some desks that had bowls of M&Ms. It was great fun!
Well, my three brothers and I ranged from ages 5 to 10, so that's a good starting point. Then figure it's a bunch of long narrow hallways, which were wide enough for kids to run in, but narrow enough that you feel fast running along the walls. Low-pile office park carpet turns out to be perfect for traction when running in your socks at that age. And then M&Ms and vending machine stuff is the perfect treat for kids who mostly ate homemade meals.
I'm sure the two most uncommon enablers of the good experience were 1, there being four kids in the family to play together and, 2, my dad not worrying that we were going to cause a bunch of problems when left to run around the office.
I'm doing this by starting an all remote start up. I can hear my son playing downstairs or outside, while I get to dedicate myself for a while. I'm actually able to make it to more of the important times, now that I'm not commuting, even though I work long hours.
This. My son is only 4 months old and between all the naps and feeding, it's maybe only a few hours of actual time actively spent doing things with him. But I do have the luxury of being home all day so I work during his downtime.
Work-from-home can work great until you have a group that is working together; but even then you may be able to arrange something (house with outbuilding, etc).
With that in mind, taking a pay cut into the middle of that range to do your own thing and potentially make a lot more isn't as drastic as going from a $400k FAANG job to a $35k ramen-every-meal situation.