You nailed it. I started my own business because it was this or nothing at all. I got a job but it was just plain awful environment. There was absolutely nothing great about employed but when you become unemployed starting your own business is the only choice.
It's unfortunate that the employment market is filled with engineers who continually undercut each other because employers are looking to save as much as possible and have ample amount of desperate people readily available to replace whoever is burnt out.
Good luck to everyone in 2015. Hopefully this is the year where all the work I put in starting my own SaaS will pay off.