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“Every minute I spent thinking about competitors was a minute wasted”

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11–20 of 166 posts

Re: “Every minute I spent thinking about competitors was a minute wasted”

#11

Sounds more like survivorship bias than actual good advice.

It only makes sense if you are selling a unique product. Even then though in most online niches are you going to have similar products that people are considering. For example this Drip comparisons page is a waste of time to create according to the above advice: https://www.drip.com/comparisons

Re: “Every minute I spent thinking about competitors was a minute wasted”

#13
post #5

Side jab... hasn't posted on HN since 2015 but regular on Twitter? What gives?

He was the moderator here. He stepped down from that role when he retired from YC.

It would amount to stepping on the toes of the new mod to treat HN like his personal pool of friends. It would be harmful to YC because HN serves the company in various ways.

He has no such conflict of interest on Twitter.

Re: “Every minute I spent thinking about competitors was a minute wasted”

#14
Totally agree with PG on this.

This isn’t the first time he says this obviously and has put a lot of thought into this. The quote I really like from him on this topic is:

“A startup worrying about competitors is like a fat guy smoking a cigarette as he worries about contracting West Nile Virus.”

I like to remind my two friends helping me build our side project right now of this reality all the time. There are so many things that could kill us at this stage, a competitor is the least likely.

Re: “Every minute I spent thinking about competitors was a minute wasted”

#15
post #14

Totally agree with PG on this. This isn’t the first time he says this obviously and has put a lot of thought into this. The quote I really like from him on this topic is: “A startup worrying about competitors is like a fat guy smoking a cigarette as he worries about contracting West Nile Virus.” I like to remind my two friends helping me build our side project right now of this reality all the time. There are so many…

Link to mentioned quote: https://twitter.com/paulg/status/398642023529345024?lang=en (7 Nov 2013)

Re: “Every minute I spent thinking about competitors was a minute wasted”

#16
post #9
post #5

Side jab... hasn't posted on HN since 2015 but regular on Twitter? What gives?

One cements your spot as a “thought leader” (blue verified check, very visible follower/retweet/like count, routinely used as a source by the media), the other not at all.

I think PG has a solid enough "personal brand" that he doesn't need to build it through being a twitterati "thought leader."

Re: “Every minute I spent thinking about competitors was a minute wasted”

#17
post #5

Side jab... hasn't posted on HN since 2015 but regular on Twitter? What gives?

He was the moderator here. He stepped down from that role when he retired from YC. It would amount to stepping on the toes of the new mod to treat HN like his personal pool of friends. It would be harmful to YC because HN serves the company in various ways. He has no such conflict of interest on Twitter.

That's considerate of you, but we'd love nothing better than for pg to come back here and treat HN as a pool of friends. It would make this community happier, and us too. And a happy HN is the HN that's most valuable to YC.

Re: “Every minute I spent thinking about competitors was a minute wasted”

#19
post #10

What exactly were you thinking about when "thinking" about your competitors?

Usually it's copying features "they have Foo, I just need Foo or Foo++". Worse is: competitor A has feature X, competitor B has feature Y, competitor C has feature Z... all I have to do is build X, Y, and Z in one! Unfortunately a lot of product people think this way. I think it's generally a mistake.

Re: “Every minute I spent thinking about competitors was a minute wasted”

#20
post #17

Earlier quoted context omitted.

He was the moderator here. He stepped down from that role when he retired from YC. It would amount to stepping on the toes of the new mod to treat HN like his personal pool of friends. It would be harmful to YC because HN serves the company in various ways. He has no such conflict of interest on Twitter.

That's considerate of you, but we'd love nothing better than for pg to come back here and treat HN as a pool of friends. It would make this community happier, and us too. And a happy HN is the HN that's most valuable to YC.

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