You'll probably work part time ~1-3 months until they really start to pressure you to go full time (assuming they like you). This is NOT fun.
At that point you need to decide to go full time or peace out. They are not sustainable, especially when you are part of a team and the rest of the team is working full time, and they're getting all frustrated that so and so is out today because he's part time.
I would just save up and then work full time on your idea(s). Figure out your monthly expenses, figure out how many months you can go, etc. There's nothing more focusing than knowing you're losing $x a day out of your savings account by just not working - the Cortez approach, I suppose.
Caveat: This is, of course, my experience. Take it with a grain of salt.