I respect anyone who is able to accept the sunk cost and walk away after doing the correct analysis.
My startup is still preseed and I have a few angel investors. When I pitched I had done some research but didn't truly understand the market. Basically the industry I'm is massively fragmented, and each segment has very different access requirements.
There's still money to be made, but not the sort of money that attracts VC and no express rainbow to a pot of gold. I would have done things very differently had I known what I know now, but a revenue generating business that could break even in a couple years is a pretty hard sunk cost to swallow.
My startup is still preseed and I have a few angel investors. When I pitched I had done some research but didn't truly understand the market. Basically the industry I'm is massively fragmented, and each segment has very different access requirements.
There's still money to be made, but not the sort of money that attracts VC and no express rainbow to a pot of gold. I would have done things very differently had I known what I know now, but a revenue generating business that could break even in a couple years is a pretty hard sunk cost to swallow.