Michael Asiedu@MichaelAsiedu_
I just sent an email to all our users that Fansted is done.
Relief and grief at the same time.
The product had something. A few posts went viral.
Strangers in different cities stopped me and asked: “You’re the Fansted guy, right?” That stays with you.
But over time, the way we were operating stopped working for me.
We had a shared vision, but we didn’t build a structure to translate it into consistent execution. And that eventually caught up with us.
I burned out. Or grew resentful. Probably both.
The painful part is I never stopped believing in the product.
What broke wasn’t the idea. It was how we were set up to build it.
Ownership said one thing. Day-to-day reality said another.
We built things that didn’t get used. We didn’t get to a clear revenue path early enough. And I kept going longer than I should have without stepping back to fix the fundamentals.
That part is on me.
Here’s what I’m taking forward:
1. Ownership must match execution.
2. Equity is not trust. It’s accountability.
3. The closer the relationship, the clearer the agreement must be.
4. Build one revenue path first. Everything else is a distraction.
5. Validate before building. If 3 people won’t pay, don’t build it.
6. If one person drives the work, they must control decisions.
7. Define the exit from day one.
Fansted gave me infrastructure, clarity, and a lesson I won’t repeat.
If you were ever supporting from afar, I say, thank you.