“Flow” is an early mover, bootstrapped startup, focuses in project management / to-do list tool.
The company was a big hit right from the beginning and hit $20,000 monthly recurring revenue first month.
The sky looks bright…… until Asana – a direct competitor lead by well-networked, well-funded founder, who also happened to be the Facebook co-founder, came into the picture.
Andrew, the founder of Flow, lost $10 million in 12 years and declared defeat publicly. You can read his story here: https://twitter.com/awilkinson/status/1376985854229504007…
Not every fight in the competitive venture capitalist funded market is worth fighting. And Andrew’s new company Tiny could offer a window for founders who wish to exit.
(Which is why he made the Twitter thread and shared his story I guess?)
* This short note was originally posted on my Facebook wall.