Earlier quoted context omitted.
These stories should be required reading. To that end the community would benefit massively from you documenting it. Just as there are Journals of Negative results [1][2] so too should there be a journal of failed startups. Your detailing of what caused the failures could save thousands of man hours and potentially someone falling into the same traps. Goal #1 for you right now is to get your family in order and steel…
I'm sure that would be nice to have. I'm can relate to OP, I'm out of pretty my all of my savings and trying to think of ways to shutter my co. I already have four kids. When a friend of mine said to me, "perhaps we should disect this failure", the zing from that made it all that much worse. I'm sure there's plenty of lessons to be learned from failed startups, but even 5 years after my first failed startup, I still…
I know that feeling. I have failed before and hard. I did however resolve to ensure that it wasn't for nothing by, as your co-founder suggested, dissecting it. What I found was that instead of it just being a downer, I realized how many good things were done and how many exciting developments, both personally and professionally came out of what was at the end of the day a failure.
In the end the margin of failure can be tiny - but I would guarantee that you will also be able to find some massive successes in there as well. Adding to that the benefit that others would take away and I think it would be of great benefit.