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After 10 years of startups and 10 years of FAANG, I’m thinking of maybe going this route too - can one do it while primarily focussing on the work though? I’ve always had the impression that starting one's own company is an even mix of sales, accounting, and doing the actual job...

Oh, you will have to deal with bullshit corporate politics, but in a different way. You will get projects where there will be conflicts between the stakeholders and you'll be sitting there waiting for the final final final final decision to be made.

What does consulting exactly mean? Do you still write code?

I am doing that very thing this year. It's already amazing how much brighter the world seems.