I'm somewhat in the same space with Folyo (http://folyo.me), and I know it's not an easy market.
But Workfu was one of the competitors I was most impressed with. They had a great team and great execution, so I hope they find a way to pull through somehow.
I guess this is the only time being a single founder is actually an advantage. Since I run Folyo by myself I have very few expenses, and can always feed myself by taking on client work if need be.
> Since I run Folyo by myself I have very few expenses, and can always feed myself by taking on client work if need be.
I believe that's also true if you're a team. In my opinion even more, because you don't have one person being distracted by too many things, but can distribute tasks to various people, where each of them can focus on those that are related.
One of their blog posts states "4 wives placated" ... your life situation tends to determine what risk and austerity you can afford so this particular team might find it harder than other teams would to also do side projects to pay the bills.
Shared risk is often rougher than individual risk and leads to more conservative decisions (with exceptions of course, but shared sacrifice is a distinctly different beast.)
Hey Sacha - how are things in Japan!
Good to see you are doing well and that you are doing whatever it takes to keep Folyo up and running.
What do you think of Scoutzie? launched by not too long ago with much fanfare along w the latest YC batch.
Feel free to reach out to GroupTalent if you need project flow
I'm very afraid of Scoutzie, that's what I think of them! They're a very close competitor with more resources and YC backing, and their execution is better than mine for a lot of things. But we'll see, as long as Folyo clients and designers are happy that's enough of a reason to keep on doing my thing :)
But Workfu was one of the competitors I was most impressed with. They had a great team and great execution, so I hope they find a way to pull through somehow.
I guess this is the only time being a single founder is actually an advantage. Since I run Folyo by myself I have very few expenses, and can always feed myself by taking on client work if need be.