It all went downhill from there, but I still hung on for a few months. Didn't want to fire anyone. I took out crazy loans to keep this lead balloon afloat, but there was really no turning around. And it pretty much ruined my life.
It's a cautionary tale, really. I should have allowed this company to fail at a time when I still could have walked away without some serious damage. The company was done. It had no product, burned-out employees and no prospects. I wouldn't make that mistake again today. The lesson here being that desperation is never a good sign. When you're doing a startup, what you want is hunger and euphoria. Not desperation.