I had a similar thing happen when I found out one of my competition got funding from Mark Cuban and the another competitor got a pretty big round (fresh from their graduation at YC).
But then I thought about it. What a wonderful validation of our idea. And we think we can do it better.
Look at the angles and if you have to reshape your idea then do so. Maybe some competitive advantage you have will stick out or you'll develop it after seeing their offering. But think of this as a good thing. Investors love competition. It means there's a market.
But then I thought about it. What a wonderful validation of our idea. And we think we can do it better.
Look at the angles and if you have to reshape your idea then do so. Maybe some competitive advantage you have will stick out or you'll develop it after seeing their offering. But think of this as a good thing. Investors love competition. It means there's a market.