I'd be able to live with the failure knowing I took my best shot at being an entrepreneur. Opposed to living a somewhat comfortable life not trying at all.
It's been a burning desire of mine. I truly fear regretting not doing this. If it fails, I am happy to try again.
I am ok with making $20k per year for the rest of my life if it means every year I can wake up shooting my shot to build something useful to others.
In regards to competition I am not afraid in the slightest. I do not fear others, they are just flesh and blood like I am.
That said I am reasonable when someone has a certain position, the good thing about space and time is that with proper course correction you too can find your own position. With correct defensibility you can own a certain position for as long as you have a good stance.
Video has been around since the first animators drew images in a flip book. It's not going anywhere. I believe there are gaps and this game is not zero sum.
I will continue to expand my knowledge on physics, computers, marketing, engineering, human/consumer psychology. I will continue to build relationships and find ways to leave people better than I found them. These are my principles and in these principles I feel confident.