I too have gone down the path of bootstrapping a startup while unemployed by using savings. Even though the prospect is probably very exciting, I would caution

I too have gone down the path of bootstrapping a startup while unemployed by using savings. Even though the prospect is probably very exciting, I would caution you to continue to look for another job. It is unlikely you will complete development and be generating an income from your startup in less than three months. You will then find yourself with no savings. I would suggest you keep looking for a job and figure out how to minimize your living costs. If you can sustain yourself on a part time job or something not IT related, you can still work on the startup in your "leisure time". It will take longer to launch, but it is easier to do when you are not hungry. Good luck!