Visiting their front page at <a href="http://workfu.com/" rel="nofollow">http://workfu.com/</a> yields a lightboxed "UPDATE 31/08/2012: We are currently in discussions regarding the possibilities of keeping WorkFu alive and will update as soon as we have more information."
Is nine months really enough time to make a determination whether a company is viable? It seems a little on the short side, and I recall reading in a number of places that you can only truly know how it's going a couple of years in. Is the issue here that resources/finances weren't adequately planned for?
I'm somewhat in the same space with Folyo (<a href="http://folyo.me" rel="nofollow">http://folyo.me</a>), and I know it's not an easy market.<p>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.<p>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.
I read a quote recently that "most startups get interesting around 18 months". I think you guys are giving up too soon. Workfu has enormous potential. Either way, kudos for making it as far as you have.
From the looks of it, this announcement dates back to August 8? <a href="https://twitter.com/workfu/status/233143828503224320" rel="nofollow">https://twitter.com/workfu/status/233143828503224320</a> - and as mherdeg points out, their most recent update is to be found on the homepage.
Took a look at the home page, did a double take when I saw the "FU Score". Maybe that resonates poorly with potential users? I get that we're supposed to use cutesy Web 2.0 names, but if what makes a hacker smile doesn't lead to revenue, it has no place.
Interesting, I saw one of the founders talk about the company a couple of weeks before this was announced and they were heavily promoting the company, felt like things were going well for them.
I'm actually launching something in the same space on Labor Day (<a href="http://codewren.ch" rel="nofollow">http://codewren.ch</a>). This is not a particularly good omen ...
any other insights as to why they are shutting down? did they raise anything after being featured on the TC London Web Summit in March? how were they bootstrapping?