Founders worry too much about highly funded competitors. Usually funding matters less than the founders' ability. In the short term, a highly funded competitor can hurt you by e.g. lowering prices. But if you survive long enough, it will ultimately become a test of ability.
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So in one sentence, the strategy for dealing with highly funded competitors is: survive long enough to make it a test of ability. (This advice applies to more than startups.)
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WeWork?
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.....True.. w.e happened to WeWork? I used to follow them, but now it seems they dissipated from the news. I go to their offices from time to time though..
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Absolutely. A good idea at the right time usually wins
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Name NAMES
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The last assertion is a bit curricular though. If the “mediocre founders” beat the “underfunded great ones”, then that contributes to the lore of their greatness and the great ones become considered mediocre.
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Will give credit to
@BillGates for having his biggest competitor pay for Microsoft's start.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Survivorship bias
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