I'm somewhat in the same space with Folyo (http://folyo.me), and I know it's not an easy market.
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.
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.