That's pretty much what I am doing now but it seems like a waste of time. Essentially I'm trading my time for some extra money and benefits while distracting me from where I really want to be.
My main worry is the so call "resume hole". Would I make myself harder to hire later by having a "gap" in my resume when I am not working?
But, yes, I definitely feel you will really have a chance to learn more in a start-up, since you will essentially juggling various roles, especially in the early days.