At both Viaweb and YC, every minute I spent thinking about competitors was, in retrospect, a minute wasted.
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Do you suppose this is why Tolkien sold more books than most other novelists?
I don't write books, I build companies. There's money to be made copying, differentiating from, hiring from, buying out, and underpricing the competition. At almost every stage of a company's life, the competition is highly relevant.
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I bet many YC admittees spend way too much time obsessing about their competition, kind of like they chase press coverage instead of customers/users and this is where you're coming from.
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I like both takes. It seems that they apply to a different set of markets (markets where you won't compete on margin vs established competitive markets)
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