If you have the full-stack development skills to develop this on your own you may be able to beat them to market. If it is a consumer product where viral adopti

If you have the full-stack development skills to develop this on your own you may be able to beat them to market. If it is a consumer product where viral adoption can happen you might get a big enough start just by being first to market. It can be intimidating to face a team - but recall that teams have communication overhead, often multiple competing visions for the product that need to be resolved and time sucked up into numerous activities that don't directly speed product development. If this is a product for enterprises then you are at a greater disadvantage. First to market doesn't mean as much, as all the positive reassuring signals that funding sends. Every product category needs competitors. Even if you do not succeed at being #1 in a new product space, you also don't need the same kinds of revenue to make it work. Your expenses are much lower and your equity is much higher. Finally, the fact that investors and a team also think this general product category has promise worthy of funding is validation that you are on the right track.