As I was reading this, all I could think to myself was "wow, I would've done the exact same thing" in almost every circumstance Formspring found themselves in. Bottom line is: it's easy to play armchair CEO when reading a post-mortem (and hindsight is always 20/20) but I think the fine people at Formspring deserve a well-earned pat on the back.

They tried, they failed, and they will undoubtedly try again. As the old adage goes, fortune favors the bold.