I am planning to quit my job and bootstrap my startup idea. Unfortunetly i can not do things while employed. I can effort 6-8 months of run way, paying for incorporation and launching v1.0. I feel like it will rain but can not read the forecast and dressed like in summer with no umbrella. I know nobody can know exactly but looking forward to your advice(s).
No, it is not a good time. It will be a huge mistake. There will be not much VC money after 6-12 months and you will most likely end up in a time frame where big companies start laying off people. Good luck! Please read more on HN about stress and boom related posts.
Do it! Good luck.
<a href="http://www.sethgodin.com/sg/docs/bootstrap.pdf" rel="nofollow">http://www.sethgodin.com/sg/docs/bootstrap.pdf</a>