Single Family Office Director --> Regional Developer (MD)

I have worked in PERE/RE development roles for the past 5-7+ years and most recently started overseeing RE investments at a small single-family office. It's a good gig, but I miss the thrill and potential upside of development... the goal has always been to go out and do it on my own someday, yet this job found me while I was ramping up to start my own thing.

Recently, I received an unsolicited offer to open a regional development office for a national developer, albeit a less-known shop. I have experience at name-brand firms and don't care about titles/prestige.

This is potentially a Sr. Director/MD role on a Partner track. I'm unsure about compensation metrics and will learn more this week. Guessing it will be a higher upside with far more risk. Careful what you wish for, I guess! I am excited but nervous, given that my development experiences were more siloed at Analyst/Associate levels (meaning guardrails were in place). I can source/entitle/pick design teams and manage consultants. I just fear the unknown aspects of developments...

Anything I should be considering here from a different angle? I am a risk taker and would be betting on myself. If I crash and burn, there will probably be another role elsewhere, but it will likely kill my chances of doing it on my own someday. Conversely, it works out; I push past inexperience and likely failures/setbacks and find a way to make it work.