1. How much institutional support (and energy) is there to get the paid version shipped? Is everyone else burnt out and jumping ship, or could you realistically stay the course and get that product out the door?
2. Even if you shipped the paid version, would the revenue be enough to cover the burn rate? It looks like you guys raised 3 million over the course of the past year, and burned through it (correct me if I have that wrong, just getting the data from your Angellist page). At that burn rate, your premium version (at your stated price of $5 per user per month) would need to onboard roughly 50,000 paid users to be at the break-even point (though probably more than that since your costs would go up). Is onboarding than many users feasible?
If you can ship the premium version and onboard a ton of users all before the rest of the team throws up their hands...maybe you should go for it; give it one last college try.