S
omeone once told me at a tech meet-up some months back that competition is the best way to judge if an idea is good or bad. “When there are other entrepreneurs interested in building a similar product to what you have, pat yourself on the back and get to work” he said.
Competition is everywhere these days, some startups fail to keep up and ultimately fold, see wesabe. A different case study is box.net and dropbox, two online collaboration and file sharing platforms that have done just fine. Competition can be really healthy, amongst other things I think it actually pushes companies to work that much harder.
To read the full, original article click on this link: Startups: Dealing With The Competition
Author: Tolu Babalola
