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Peter Thiel has a great talk at YCombinator on how "Competition is for Losers": https://www.youtube.com/watch?v=3Fx5Q8xGU8k https://www.youtube.com/watch?v=3Fx5

• hieunc229 6y ago
  Do you agree with Peter? I guess the angle he is looking at as a huge player in the market, where he couldn’t get bigger. So, it’s is true to play his strategy. On the otherhand, it is nearly impossible to not having competitors. Especially for young companies. Since most of the human needs (or demand) already have the solution (or supply)
• kristianc 6y ago
  It also vastly depends on your goals. Thiel's advice is great if you are setting out to create the next Palantir, Facebook or Paypal. If you're looking to bootstrap a passive-income business as a solo developer, it's not as useful. In fact I'd flip his advice on his head and instead of "Build a Platform" say "Build a successful and revenue positive business off someone else's platform with the aim of being acquired by it some day."