A few weeks ago, there was an article that came out called “Google Currents, Onswipe’s Nightmare?”. I’m also preparing for our first board meeting with newly elected independents and one of the points we are talking about happens to be competition. As you start to grow competition becomes a healthy thing to think about. Here’s how I think about competition as a cofounder and CEO of a growing venture backed startup:
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Don’t Worry About Google
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Find A Giant As An Ally
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Copycats don’t have the roadmap
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Mis-education creates false competitors
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Don’t try to win on features
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Price wars are a race to the bottom
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Speed wins
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Focus on the normals
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Cash matters when scaling
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You are your biggest competitor
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Avoiding the build versus buy problem
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Bring traffic to the table
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Bring money to the table
Read details HERE (via OnStartups.com)
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