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Couldn't upvote you enough. This also applies to a startup vs. another startup. There have been a number of "Ask HN:" posts recently along the lines of "oh shoo
by d_r 16y ago
Couldn't upvote you enough. This also applies to a startup vs. another startup. There have been a number of "Ask HN:" posts recently along the lines of "oh shoot, we just discovered there's another startup working on a similar idea! should we give up?"
If nothing else, seeing that other people are pursuing a similar idea is GREAT -- it's a confirmation that the market probably exists for it.
- dasil003 16y agoIf nothing else, seeing that other people are pursuing a similar idea is GREAT -- it's a confirmation that the market probably exists for it. Well I agree that the converse is true—no competitors is definitely a red flag. But having lots of competitors in the startup space doesn't necessarily mean there's a market for it, quite often it's just something cool that geeks are into but may be a small winner-take-all market that's already been won (eg. Twitter/Facebook clones).