Founder in my 40s here. "1 toddler and another child is coming" - Then you want to work one and a half or maybe two jobs? Unless your wife is Superwoman, sounds like a divorce to me. Wait until your kids are in school and more independent. In the next few years, your wife and kids need you. There are plenty of successful founders in their 40s. In fact the average age of the successful founder is 44. Plenty of time! F…
I'm 40+ and have a child under 4. When they were born I cut my work back to 1/3 so that I could be a home dad.
It's the best decision I ever made and well worth the (real) financial pain. I can't convey in this text box how fulfilling being a dad has been. This is a time and joy you can never get back. Your kid will be better off from time they spent with you than what the money could have bought.
Raising a kid is a never ending exhausting slog. Two parents that can do everything means you can both get some mental respite. I'm sure our relationship would be worse now if I'd been away working every day. You get to know a lot of other parents and the tension provider/parent puts on relationships is real.
There are downsides. With my wife and I both working part time (nights, naps, 2 days of kinder) we are going backwards financially, but we will survive until school when I'll go back full time. I'm extremely grateful to work in an occupation where that's even possible.