

Startup: give up? - tty123

This Q probably must have been asked several times; but as each situation is different, 'dare to ask this ;)<p>My situation: worked on my startup, so far self and little friends/family funded. Almost 3yrs; did some parttime jobs here and there. I am in a highly overcrowded but lucrative mkt; 2 patents pending; 3 to 4 customer Letter of intents(LOIs); but no tangle progress as all of the customers have outsourced their platform (application) and both my and my prospect's hands are tied. 2 of the platform guys put us on hold; 1 other platform vendor is painfully slow; running out of money  in next 3mths; pitched to VCs, no funding, asked to come back when gained more mkt traction; due to lack of funding, 'am working w avg team (mostly on equity) but progress is very little; myself spinning all the threads; now, even to pivot, 'need $s;<p>I do belive in the idea and have pitched to several. If it weren't for LOIs from prospetive customers, 'would have given up; I am highly qualified (education &#38; corp exp), but feeling as if no talents due to above all; can someone give their perspective here? 'Also regret 'haven't moved to bay area.<p>Next 2 mnths, seeking angel round; but not optimistic; lack of motivation even to revamp my resume (as 'feel at crossroads w no talents)<p>Feeling like putting company in hibernation and do some job.
Any advice , will take it. Thank you!
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tren
Instead of creating this extremely brief and hard to read summary, it might be
worth making a blog post describing exactly what your situation is, the
problems you've encountered, so that people can provide you with better
suggestions.

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tty123
C'mmon folks; I really am looking for some directions; yes ultimately its me
who has to decide w/o emotions. One other option 'am looking at is :
focus/wait on patents being issued and then re attempt; or atleast 'can
sell/license them.

PS: read "tangile" as tangible; "belive" as believe in the main posting; typos

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angryasian
You probably already know the answer. Only you know your business best.

