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| | Focus on yourself | | 48 points by master on Oct 11, 2008 | hide | past | favorite | 13 comments | | Too many entrepreneurs waste time observing/analyzing the actions of others. In boom times, this creates me-too companies; in bust times, this creates ridiculous hysteria (such as that which we are seeing now). Do your own thing. And quit submitting these stupid link-bait articles. |
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Rather, I think people always look to RescueTime, or Digg, or Twitter and say to themselves "Hey look, this part of it sucks. I can make this better and make it my own."
In boom times, the competition (Digg/RescueTime/Twitter) is getting lots of funding and praise - so you in turn, marketed to investers as "RescueTime meets X" get funding because the market is already proven.
In bust times, there is culling of the herd, and if you haven't got something to show for yourself, and are very similar to another company - well, everyone prefers winners. So you get less funding, fold, or sold off.
There aren't 10 wannabe Techcrunches because they want to be like Techcrunch. There are 10 wannabes because they believe they have something different that's better.