>“A startup worrying about competitors is like a fat guy smoking a cigarette as he worries about contracting West Nile Virus.”
It is really important for the fat guy to determine if he is near Nile River, or an area infected with the WN virus and work out the chances of contracting the virus.
Sure a startup is "flimsy" in many ways, but doing good and adequate market research, determining what you have to offer that is better than current competition (when it exists) and considering if it's worth it is definitely something to thing about.
Worrying isn't useful, researching and planning is. If you have competition, study it and include it in your considerations and plans.
> It is really important for the fat guy to determine if he is near Nile River, or an area infected with the WN virus and work out the chances of contracting the virus.
The fat guy should certainly do that, but first of all he should quit smoking and eating KFC. Those are more existential threats.
It is really important for the fat guy to determine if he is near Nile River, or an area infected with the WN virus and work out the chances of contracting the virus.
Sure a startup is "flimsy" in many ways, but doing good and adequate market research, determining what you have to offer that is better than current competition (when it exists) and considering if it's worth it is definitely something to thing about.
Worrying isn't useful, researching and planning is. If you have competition, study it and include it in your considerations and plans.