I was at a FANG peer, making > 900k/yr. I have savings similar to yours, a little bit more perhaps, but also expenses (mortgage, private school x2 kids, 2x car payments). I'm not bragging, just providing context.
I quit my job a month ago to go join a much smaller company and took a 70% pay cut. I'll still make enough to pay the bills, and I have some equity so that if it works out I'll probably break even in 5-6 years. But it probably won't, and if it doesn't I won't be crushed. I am making this decision for a reason (personal development, interest, wanting to learn something new, etc), and if it's a disaster I'll be able to find another job relatively easily I hope. Luckily, I'm not changing cities.
Anyway, you asked if someone had done something similar, so wanted to jump in and mention it.
I quit my job a month ago to go join a much smaller company and took a 70% pay cut. I'll still make enough to pay the bills, and I have some equity so that if it works out I'll probably break even in 5-6 years. But it probably won't, and if it doesn't I won't be crushed. I am making this decision for a reason (personal development, interest, wanting to learn something new, etc), and if it's a disaster I'll be able to find another job relatively easily I hope. Luckily, I'm not changing cities.
Anyway, you asked if someone had done something similar, so wanted to jump in and mention it.