[4] The deluxe edition includes a re-recorded version of the song "Giants" from his self-released second album Tantrum Castle.

[7] The album was recorded in Los Angeles and was produced by J. R. Rotem, Matt Squire, David Siegel, Shane Stoner, Kenneth Mount, Zack Odom and Jon Brown.

[8][9] Witzigreuter began writing the album in 2009 and blends various music genres such as pop, techno and rock.

[11] He noted "Spinnin'" as the track he was the most proud of from the album, citing early 90's Michael Jackson influences.

He stated, "The Ready Set features bouncy beats and hooks aplenty on every tune, and the vocals are arranged just like those of a boy band.

"[27] Stephen Haag of PopMatters gave a mixed review stating, "It comes across as everything, all the time, in the service of F-U-N, 'tween rock.

[26] In December 2010, I'm Alive, I'm Dreaming was nominated for MTV Buzzworthy's Fan Favorite Album of the Year,[28] ultimately winning the award, beating out Nick Jonas & The Administration's Who I Am.

[30][31] To support the album, The Ready Set embarked on a 2010 fall tour with Cartel, Hey Monday, This Century, and We Are the In Crowd.