How do angel investors/VCs deal with “zombie companies”?

@mdnich I'm stuck in one of these Zombies. I was able to sell off a small portion of my shares to another non-accredited investor who wanted in (because the company couldn't sell to him directly). But the rest is stuck. Founder doesn't have the capital to buy me out at cost (I'd happily sell based on your #3 (and I've been in the investment for 16 years!). But he won't take the offer. I'm sure he'd take #2 so at least I could write the investment off on my taxes - but I can't yet swallow that pill. So here I sit - in a zombie company.
 

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