No. The internet is a big place and there is room for multiple competitors. If someone else is "doing it," than the idea has been proven to be lucrative. Reg

No. The internet is a big place and there is room for multiple competitors. If someone else is "doing it," than the idea has been proven to be lucrative. Regarding investors, if this is a web app, IMO, you should have an alpha version with good traction before raising money.