Create the Best Product

 Brad Feld

Building the “best product” doesn’t only mean the best physical product (or digital product). It doesn’t just mean the best UI. Or the best UX. It includes the best distribution. The best supply chain. The best customer experience. The best support. The best partner channel. The best interface to a prospective customer.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition

Overcrowded Spaces

Scott Britton

I am a huge advocate of competition and recognize that it pushes innovation and helps democratize markets by pushing the best products to the top. However, I also wonder if arms races between many players is an efficient system. Would the world be better off pooling resources and allowing capital allocation to be spread solving more problems? Its hard to say because many great companies we’ve come to know and love emerged from crowded spaces and have made this world a better place.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition

Competition - The Pros and Cons

 Fred Wilson 

For most businesses, competition is a given. When I walk to work, I am often struck how many local businesses have competitors literally right across the street. Clearly competition is something you can learn to live with and still operate successfully. In fact, there are some very good things about competition. And there are some challenging things.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition

Always Assume Competition

 Babak Nivi

Winning comes by knowing the customer better, executing better, and continuing to work on the problem after sane people have cashed out. If a competitor is going to scare you, you shouldn’t have started a business in the first place. Every big market or successful business will attract competitors anyway. Always assume competition.



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition

Competition is Overrated

Chris Dixon

Suppose you have an idea for a startup, and then do some research only to discover there are already similar products on the market. You become disheartened and wonder if you should abandon your idea. In fact, the existence of competing products is a meaningful signal, but not necessarily a negative one.  Here are some things to consider.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition

The Inevitable Showdown Between Twitter and Twitter Apps

Chris Dixon

People usually think of business competition as occurring between substitutes – products that serve similar functions for the user.   Famous substitutes include Coke and Pepsi, and Macs and PCs.  In fact, especially in the technology sector, some of the most brutal competition has occurred between complementsProducts are complements when they are more valuable because of the existence of one another – e.g. hotdogs and hotdog buns, PCs and operating systems.

 

 



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition

Start-ups are all Naked in the Mirror

Mark Suster

Reach out to the competitors.  Get to know them.  Be open and many will be open back. Realize as a start-up you have much more in common with them in driving the industry adoption.  I think it’s best to have friendly competition the way you’d hope to in sports. Compete to win – don’t get me wrong.  But in a gentlemanly way.  If you feel the need to have an “arch enemy” to motivate the team (as some CEO’s feel the need) then make it just one firm and befriend everyone else.  Reach out to the founders, not the staff. Keep your conversations confidential.  I wouldn’t even disclose to the team that you’re having them.  They then start to think sinister thoughts.

 



Filed Under:
Collection: Strategy & Starting Up
Category: Handling Competition