If you don't think your current startup will scale and achieve escape velocity, and you don't see a path to that or have the energy to take it there, it's time to move on.
Thinking about the long game, if you want to raise VC funds again, your reputation might be better served by winding down and returning the funds you haven't used, instead of burning through the remaining 7M.
If your team is still energized and believes, it might be better for the company for you to move on. You could explore an advisory or board only role and help identify a new leader to take the reigns.
Thinking about the long game, if you want to raise VC funds again, your reputation might be better served by winding down and returning the funds you haven't used, instead of burning through the remaining 7M.
If your team is still energized and believes, it might be better for the company for you to move on. You could explore an advisory or board only role and help identify a new leader to take the reigns.