One VC asked us to fill out a four page “competitive analysis” on how we would stack up against a competitor. We’re already bigger than them and it’s been four months.
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My favorite story is from a friend. Got an email that just said, “Aren’t there already other startups like [company] dominating the insurance space?” Insurance. A multi-trillion dollar market.
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That said, competing in markets where competitors don’t really get tech at all is a good time all around
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It's not only about startup-on-startup crime, either. David vs Goliath is def a reoccurring theme. "What stops [insert Fortune 500 here] from doing this?" Uhh...literally nothing does. But, they're slow, the pie is big, and there's plenty to go around. Can I build stuff now?
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The Classic... what stops Google from doing this? And then how will you compete?
Well, Google has Google Ventures and Google Capital but you and your firm seem to still be eating in these streets!!! ijs
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How come the smarties don't get it???
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The most stupid question is - Why wouldn't another startup build something similar in future. I find it disrespectful of my team.
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just said this in my meeting the other day. Competition is great. There's plenty of room for all of us to win.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Is it maybe not because they doubt you could make a profit or be successful in general but because they are looking for “grand slams” so they can get their ROI? Isn’t their goal to only bet on grand slams? Then again maybe intense focus on competition is what’s silly.
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you have said mouthful
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