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.
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).
It'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.
