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Whenever I read about a stealth mode start-up I always have a 'omg they're doing the same thing we're doing' moment. Does that happen to anyone else?
by markm 18y ago
Whenever I read about a stealth mode start-up I always have a 'omg they're doing the same thing we're doing' moment.
Does that happen to anyone else?
- ftravis 18y agoI think I would nearly die of surprise if someone was doing what we are doing now. Then, I'd take them out for a beer.
- notauser 18y agoIf no one else is doing what you are doing, then there is a 99% chance that it is _not a good idea_. Competition is not something to be avoided, but rather something to be appreciated. It:- Proves your market exists. Proves that there is enough business to sustain companies. Shows you how much people are willing to pay. Shows you what works and what doesn't. Gives you the chance to figure out exactly what you need to do better to steal users from the incumbent players.
- ftravis 18y agoI think you're confounding "nobody is doing what we're doing" with "nobody is competing with us". You're right to say that no competitors sometimes means no market. On the other hand, it's only wise to enter markets where you have some important differentiating factor between your product and the competition. Look at it this way: Google had lots of competitors, but nobody was doing what they were doing.