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I have not raised VC yet in my life but if I worked on a business for 3.5 years, burnt over $3,000,000 and have almost 0 revenue with multiple pivots, I would fold it, return the remaining cash back to investors, thank them for the support and take a couple of months off to clear my brain.

The problem is you still have no traction or considerable revenue to show after 3.5 years. That right there to me says that it's time to end this misery.

Hope it helps.






Plenty of success stories start this way. Unfortunately, since it makes it impossible to really determine what to do in such a situation.

Only if they still have a vision and see a future path. In this case, doesn't sound like it from OP's description.



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