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Re:Show HN: Folyo helps you find a great designer by CharlieA on Tuesday September 20, 2011 @01:36PM (#3018619)
Seems like the biggest difference is that this a curated list of designers, rather than just anyone who has signed up.
Re:Show HN: Folyo helps you find a great designer by sgdesign on Tuesday September 20, 2011 @01:40PM (#3018639)
Yes, that's basically the main difference. Also, unlike TinyProj you can browse profiles on Folyo, and contact designers directly if you want.

I know both concepts are very similar, but I can't help it if me and Kyle both had the same idea at the same time. Great minds…

But seriously, I think both services are different enough that they can coexist.