Thanks for this. I think he plans to leverage little pieces of the code in his new project, but it's essentially value-less at this stage. I also think as he wrote the code and has put so much time into it there is likely a strong sense of ownership and high level of value assigned (regardless of its true value).

The 12-18 months to PMF is really why I'd love to push it a little further and see what comes out of it. I think doing so without a product is possible, and based on a lot of the comments that seems to be my best path.