by qrlawified on 11/1/11, 6:22 PM with 7 comments
Today, a competitor has released a service which is identical to ours. They have much more experience, resources and have managed to generate an incredible amount of media coverage. So far we have only spent a very small amount of money.
So the question is, considering that our competitors have beaten us to it and have a great product, do we cut our losses and run?
Oh, and in case you were wondering... our competitors are these guys:
http://zeebox.com/
by md1515 on 11/1/11, 6:55 PM
Plus, it is not a zero-sum game. You can both win (in terms of profitability, exit, etc.) If you are far along and will not need to spend much more money or time, go for it. If you have just started, maybe take a moment to think about it. Either way, you can just learn from zeebox.com mistakes and implement better with your own project.
You must be realistic to know when to quit and use your time more wisely, BUT most startups don't actually die - they commit suicide. Good luck
by gregschlom on 11/1/11, 6:40 PM
The question is how you position yourself in respect to the competition.
If you believe that there is indeed absolutely no hope for your startup, then... there's not much to say. If you want to take this battle, you'll find a way to position yourself.
Edit: I just saw that your competitor is UK-only. Are you based in UK too?
by ollierattue on 11/2/11, 7:33 PM
http://www.softwarebyrob.com/2011/11/02/9-ways-to-decrease-y...
Although yes it does validate the space and yes there can be room for more than one. Note 'decrease' not 'kill' :)
by OpenAlgorithm on 11/2/11, 12:58 AM
by chapman on 11/1/11, 9:18 PM
by qrlawified on 11/1/11, 6:23 PM
by qrlawified on 11/1/11, 11:04 PM