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Can you persuade potential investors that you have a concrete advantage over competitors? Something that they can't (or won't) copy easily? As for the size of t
by elad 19y ago
Can you persuade potential investors that you have a concrete advantage over competitors? Something that they can't (or won't) copy easily?
As for the size of the market, IMHO there's no such thing as "large enough for all of the competitors to co-exist" on the internet. That works maybe when you can carve yourself a geographic niche (e.g. grocery stores, banks, and there's consolidation going on lately in both markets). When online markets mature, only a handful of competitors survive (e.g. search).
You may want to try and redefine your market - as a subset of the large market you see now. Try to show how there are customers whose needs were overlooked by all other competitors, but you're going to serve their needs and thus come to dominate this niche.