It takes a long time to build real value in a software product. I wouldn't give up because someone else is working on what you are doing. Even if they have a

It takes a long time to build real value in a software product. I wouldn't give up because someone else is working on what you are doing. Even if they have a similar product, you could target a different customer, or have a different business model. Most apps don't have a winner-take-all approach. Try to figure out what you believe, and what differentiates your product.