Competitive spaces

How to think about building or investing in competitive spaces.

You have two viable options:

1. Differentiation. Your differentiation needs to matter. It needs to be the product and not the feature. If it's a nice to have and not a must have, you will lose.

2. Execution. You have to execute way better than your competitors. Partly this is about your ability to execute. Partly it's about your competition's. You have no control over the latter. Don't get involved if they're good. You want to compete against poorly run companies not great ones.

#founders #startups #venturecapital #buildinginpublic #investinginpublic