This is a pretty hypocrite thread. The guy is successful, has a lot of money. He starts a company thinking that because he has the best product he is going to win the market. Things don't go as planned. Blame the VC and competitors for it.
First, his company was VC founded. He poured 10M in the company that's very close to having raised 10M
Second, you dont go out of business because someone created a competing offers
Last, he his a successful guy, it is difficult to go openly on Twitter and says "I failed because we were not good enough" it is easier to follow the trend of our time saying that VC is evil.
Hm, my conclusion of the thread was less “VC is evil” and more like “We underestimated the impact VC had and overestimated the impact “organic growth” would have for us.” What’s hypocritical about that?
I read it as a pretty reflective thread of him admitting he was multiple strategic steps behind Asana at pretty much every stage of growth because of his own ignorance about where VC money can actually be useful.
First, his company was VC founded. He poured 10M in the company that's very close to having raised 10M
Second, you dont go out of business because someone created a competing offers
Last, he his a successful guy, it is difficult to go openly on Twitter and says "I failed because we were not good enough" it is easier to follow the trend of our time saying that VC is evil.