3 ms·

So what? We have 7Billion people on this globe, every niche you can think of probably already has tons of folks there. Find your unique selling point and COMPE

• poiuuiop 14y ago
  I definitely resonate with this attitude, but I'm unsure how I can raise money from investors like this. And, IMO, raising funds is what will allow me to quit my day job, create a team, and really compete.
  • stevenameyer 14y ago
    From my second hand knowledge of investors, I actually believe that competition actually works in your favor when seeking investments. It is a good for establishing that the idea is viable and can really help them understand the product and vision. It's just important to understand what your competitive advantage is and focus on that. As much as people seem to believe that all investors are looking for the next new idea that no one has ever seen before, its not really the truth. They are often looking for a high probability of a return and nothing has a higher probability of a return then something that is already working with a different take or a couple improvements.
  • beryllium 14y ago
    There's something else that can do that: Revenue. But perhaps this is the wrong forum in which to point that out ;-)