Terry Matthews is a successful businessman who also does a lot of investing in Ottawa, Canada's startup scene. He's a well-known name in early-stage businesses

Terry Matthews is a successful businessman who also does a lot of investing in Ottawa, Canada's startup scene. He's a well-known name in early-stage businesses and the telecom industry up here. I can't source this off-hand, but one time someone asked him what to do about needing to lay off a number of his staff. Terry told him "if you've got a good team, don't lay them off and lose them. Keep them together and start another company with that team." Admittedly, that's easy to say for someone who's got the money to start companies left and right. What I'm trying to say though, is that while your company didn't work out, and it's quite possible that it looks like there's nothing to salvage, you have a team (or maybe only the two of you, but you keep on referring to 'we') and you'll have another opportunity soon if you keep your eyes open.