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Meh. That's not entirely true. When you're starting a company you can easily feed your existing competitors good ideas that they can act on if you haven't launc
by coderdude 16y ago
Meh. That's not entirely true. When you're starting a company you can easily feed your existing competitors good ideas that they can act on if you haven't launched yet. Your existing competitors are probably in a much better position to evaluate your idea and may execute it more quickly than you can.
- CyberFonic 16y agoThe bigger those competitors, the slower they are going to react. It is extremely rare for a large competitor to even acknowledge your existence for months, then they form a committee to analyse your product/service and make a recommendation, etc. Your best bet is to make your business an attractive target for acquisition. That way you cash out early on the basis of huge potential future revenue. Rinse and repeat ...