Fred Wilson's Survival Matrix

We've put about 5 man-years into the project, spread out over 4 years time. That time includes 3 years of full-time effort (myself for 1 year, co-founder for 2).

To be completely thorough, we ended up spending a lot of our personal savings to pay our personal bills, which was not included in the official seed investment. Still, that only amounts to perhaps an extra $25k (so all told, we're in the $70-80k range).

With a family of four I've gone back to working full-time at a corporate employer; my co-founder has not and continues to work on it full-time, as he is single and lives a pretty spartan life.

Certainly, but some insights are "duh" insights and not particularly worth sharing with the rest of the world.

"Spending less money and having more money in your bank account improve your chances of survival" should be, from a VC's point of view, roundabout on the same level as "water makes you wet".

Just read your post on your last startup - great post and seems like you learned a lot. I would really encourage you to jump in again. You sound like you're made of the right stuff! Good luck with whatever you do.