A good nugget of wisdom. I would also add that investors are, by no means, the only people who suffer from this false idea of scarcity. It's very difficult to

A good nugget of wisdom. I would also add that investors are, by no means, the only people who suffer from this false idea of scarcity. It's very difficult to encourage first-time entrepreneurs who fall into the belief that their idea is the most valuable asset to their success. You hear it all the time, "I had this great idea, but then I got online and saw that it was taken." This is no way to think when it comes to business. In my mind it is absolutely critical to understand that markets are always changing and consumer taste is always changing. To be sure, there ARE some formidable challenges in more established and saturated markets, but nothing is guaranteed. There is always room for innovation and elegant solutions. You can rest assured that if there is no competition, there will be. You can also rest assured that if competition exists, someone is making money. Why not you too?