A lot of people are saying just own it and move on. Well I'm going to try a different approach. I hope you see this. I've been leading a team the past couple months building my first major app that has traction. It's been a roller coaster already but today we were able to get a version into TestFlight and see it on my phone. It sucks, it's still buggy, and it's not up to my standards yet but it was the most exciting thing seeing something that isn't perfect yet come to fruition. Something I've thought about and lost sleep over and spent countless hours designing and planning. It's finally starting to come alive and I'm leading a team of awesome developers that are making it happen and it's so exciting seeing it become real.
Now I know that you had to have this feeling with whatever you built. Remember back to those times you kept refreshing the page to see how many new users or page views you had since the last time you refreshed. You were excited about it. You were elated to a point where you felt you were unstoppable. What happened from here? Really ask yourself this. Ask what roads you took that lead you to where you are. Just saying you 'ran out of innovation' is a pretty crappy excuse. Some decisions you let happen led you to where you are today.
What I want you to see is a glimpse of that same spark you felt 2 years ago when you first launched and when you were building your app. I am in the opposite state of mind as you are currently. Things are looking good for me but that's because I choose to see it that way. Even when things are crap, I know that I can make them better if my heart is in it and I trust my gut.
You have the same power. You've already admitted defeat and chose to fail. You said it yourself, you're going to fail in two months and I've already given up. YOU CANNOT let your mind get in that state. Find out what is blocking you from taking it to the next level and get there. If you are a true entrepreneur at heart, find that spirit you had in the early days. It's not hopeless, it's just what you see it as.
You can be another story of failure or you could just as easily be a story of success. It is what you make it. I don't believe that there is no way out and you're doomed to fail because your lack of innovation. Some things you should kill if they don't work, but you better be damn sure it won't work because it's a bad model and not because your innovation just ran out.
You wrote this and posted it to HN. You're trying to find a way out or you're trying to find out what to do next. I'm telling you. Search deep inside yourself. Remember you only live once. You were given a good chance based on that initial passion and energy you had. Find that again. Figure out what you need to do to turn things around and do them. If it's killing them fine, but kill it being happy and confident. If you need support or someone to talk to, my email is in my profile. Whoever you are, if we are at all in like minded spirits, you just have to dig deep to overcome this mountain, and before long you will regain that vision and compass of where to go.
Edit: a few words