Q: How much should I worry about what my competitors are doi...

Q: How much should I worry about what my competitors are doing? Here are a few of my favorite quotes from Jeff Bezos, Eric Schmidt, Larry Page, and Paul Graham on why companies shouldn't focus on their competitors. Bezos also sums it up perfectly in the video clip below. “If… Show more

by Mike McGuiness

twitter.com

updated 1y ago

“At both Viaweb and YC, every minute I spent thinking about competitors was, in retrospect, a minute wasted... It's exceptionally rare for startups to be killed by competitors — so rare that you can almost discount the possibility... Inexperienced founders usually give competitors more credit than they deserve. Whether you succeed depends far more
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sari added
As a new founder, it’s tempting and often discouraging to compare your inside to another’s outside. Every other founder and company looks so well put together, whereas you are of course all too aware of your shortcomings and insecurities.

Because of how much we deify the great entrepreneurs of our time, we end up inevitably comparing our new company

from Edward Lando by John Koenig

sari added

Of course, we should also keep in mind "do not compete for the sake of competition". Sometimes, after a prolonged period of competition, the only goal becomes simply beating the competitor. For example, in the Microsoft-Google competition, Microsoft for a long time saw defeating Google as its goal, and invested heavily in search. It wasn't until a

from Zhang Yiming’s Last Speech: Part II by Zhang Yiming

sari added