So I was writing something with multiple point of view characters. One main POV, one secondary POV, one main character. I meant it to be a short story, but it got long. (10,000+ words is a short story, yes?)
Anyway. I am rereading it now and I realize it is utter crap. And not just in the way all-first-drafts-are-crap. No. It really sucks. The POV transitions are not smooth, the voices aren’t distinct and they should be. And I am thinking there are some structure problems too. I feel scraping it and starting over.
A large part of the problem is probably that the last time I wrote a multiple POV story was in highschool. It was a sword & sorcery novel and I didn’t finish it. (It sucked, too.) Everything ever since have been single POV, where the main character is the POV character.
I meant this long story to test the multiple POV waters. I wanted to know what kind of problems I was looking at. I am seriously considering a novel like that. Very seriously problems, I now realize.
It’ll be challenge and I don’t know if I’m up to it. Maybe I should do some more prep work first, work with both characters separately and than do something with them together. I don’t know.
In the mean time, I am writing something else. Something short and simple. 🙂
Story Treasury 
I believe at the 10,000-word point you’ve entered novelette. There are still markets for them, though.
If it is truly unsalvageable, it would still be worthwhile for the analysis you’re getting out of it now. Carving up the shortcomings can show you have to experiment better next time, and over time, nail your multiple points of view and voices. It’s good work!
Novelette sounds right. 🙂
As learning experience I suppose it’s worthwhile but it’s still depressing.