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Early investors probably don't care (much) if Asana will ever become profitable. They probably got back 10-100x their investment via the IPO, so they have alrea
by ThePhysicist 6y ago
Early investors probably don't care (much) if Asana will ever become profitable. They probably got back 10-100x their investment via the IPO, so they have already "won". That said we need a more level playing field for smaller companies, as large VC-backed startups suck the air out of many markets that could support a much more diverse ecosystem otherwise.
- pas 6y agoThere are a bunch of competitors. And just as the twitter thread demonstrates users will ask for more features and you need a load of cash to deliver. And Flow is still around. The problem is not diversity, it's productivity of startups and more directly the cost of product development (which is of course itself inflated due to endless money).
- thu2111 6y agoIt's a pricing issue too. Asana may have over-invested relative to what people were really willing to pay for those features. However VC backing makes price-based competition irrelevant, because your competitors pricing isn't real.
- randomsearch 6y agothe problem is insanely cheap VC money