I'm new to the world of startups, but everything I read (both on HN and elsewhere) is about founders who quit their other jobs and gave the startup their full attention.
Is there any reason why the startup can't be built on the side and then the founder could quit the full time job once it gains enough traction to sustain him/her? Is the issue just that it takes a lot longer to get to a release-ready state this way (i.e. only devoting a few hours a day)? Or what am I missing? I'm almost ready to release a MVP for a web app I've been working on (while working a separate full time job), and I just want to be sure I'm not in over my head.
Once it gains traction you'll have a better idea on when to quit your 'day' job or perhaps reduce your hours at your day job.
Checkout the interviews on mixegy.com particularly with Todd Garland he was working a full time job while building buysellads.
http://mixergy.com/buysellads-todd-garland-interview/
I work full time as an engineer and run a web design firm as well as working on a start-up so I'm very busy as well. It's hard work but it pays off.