Takeaway point is similar to what the others have said:
- Learn from your competition and differentiate yourself from them
- There are competitors all the time. So learn to live with them and out-execute them.
- Being late to the party is not a problem as long as you execute well (See dropbox)
Another good example is Box.net. They were in a crowded space. They were not first but they differentiate themselves from the competition by offering an easy + social UI that makes sharing fun. It all boils down to execution.
Comments
Takeaway point is similar to what the others have said:
- Learn from your competition and differentiate yourself from them
- There are competitors all the time. So learn to live with them and out-execute them.
- Being late to the party is not a problem as long as you execute well (See dropbox)
Another good example is Box.net. They were in a crowded space. They were not first but they differentiate themselves from the competition by offering an easy + social UI that makes sharing fun. It all boils down to execution.
Good luck with your project!