I shutdown my startup of two years a few months back. We were full time and bootstrapped, minus a few thousand from an accelerator program. We shut down when ou

I shutdown my startup of two years a few months back. We were full time and bootstrapped, minus a few thousand from an accelerator program. We shut down when our money started running low and the third pivot didn't come together the way we hoped. We felt like we were finally heading in the right direction, but theres was still a lot to do before we could see some initial traction. Some could argue that if we kept at it at a few more months or raised some money maybe we could have had a better perspective. But we were adamant on not raising money and pivoting was getting old. In some ways it did feel a little premature. But I don't know how many times we could say "just 3 more months" before it was meaningless. It takes a long time to build a successful business and maybe two years wasn't enough time. But over time we became less excited about the vision and the space started to get very crowded. We spent two weeks evaluating all of our options and outs before we decided it was over. It was a sad day when we finally decided to close shop, but my co-founder and I both seemed to be on the same page. I don't know if theres an exact right time to shutdown. For us it just felt right.