Hello! One thing I’ve thought increasingly about as I’ve launched my company is “Why haven’t other competition succeeded yet?” And wondering genuinely if there’s a reason why they haven’t succeeded (I know this is relative).
How do you think about your newly launched companies in this mindset? Do you pay attention to the competition and what they are and aren’t doing or it doesn’t really matter at the EOD?
TLDR: is it a red flag if what you’re trying to achieve has been done before to an extent but not very well? Or is that motivational to you?