Live data from Hacker News

Other startup got there before me. Stop or continue?

news.ycombinator.com

41–50 of 76 posts

Re: Other startup got there before me. Stop or continue?

#41

Nobody should work for months on an iPhone app. The platform is not friendly to that style of app. Work for weeks, launch and test.

Counterpoint: an iPhone has about the same computing power as the first-gen Xbox. People will eventually put a commensurate amount of development effort into it, and you will have to compete with them.

Re: Other startup got there before me. Stop or continue?

#42
If you decide to continue, use the current developments to your advantage. So your competitor does have significantly more manpower and financial resources? Reduce! Cut some features, really look at their app and identify the core components, checkout user acceptance and then focus on the parts where they do not yet excel.

Re: Other startup got there before me. Stop or continue?

#43
keep continuing on. A good example I can think of is foursquare and gowalla. When foursquare was first released they were getting major press and major investors. Not sure how much later gowalla came out, but they are making major moves now, and in my opinion is much better than foursquare. Obviously you will have to come up with some differentiators, but there is plenty of room to compete. good luck.

Re: Other startup got there before me. Stop or continue?

#44
It's not a zero-sum game. If they do well, it doesn't mean at all that you're going to fail.

With a large team and large funding, your competitor has set for itself a very high bar for success.

You, on the other hand, can declare victory by building something (some) people want (TM), even if it's not making you a lot of money (assuming you have other source of income).

Re: Other startup got there before me. Stop or continue?

#45
Keep going - we (ridewithgps) are up against several players in the same market, two of which have significant funding and 10+ employees. I see those as disadvantages, personally, as our small 3 person group can run circles around most 20 person "bureaucracies" as far as implementation speed, direction changes and business decisions. I don't need to talk to an analyst who is developing requirement documents from some business person; we can go straight to implementation, try something out and see what happens. Of course, a single man shop is hard work once you realize how tricky marketing and UI stuff can be ontop of a solid implementation, but it is far from unheard of.

Or, of course you could give up and wish you would have tried harder when you look back a few years from now. I know which decision I'd regret more!

Re: Other startup got there before me. Stop or continue?

#46

Nobody should work for months on an iPhone app. The platform is not friendly to that style of app. Work for weeks, launch and test.

> Work for weeks, launch and test.

I don't know how friendly the platform is for that approach, either. Fast iteration works better when you don't have the bottleneck of app store reviewers.

Re: Other startup got there before me. Stop or continue?

#47
I built a successful angel funded start-up company. We had 2 other competitors in our "space". One that had $10 million in funding and the other that had $50 million. We had $50,000 at the time. (Yes 50k). We continued. In the end with customers in palace we had raised a couple of million in funding. We sold the company. We were successful. Our competitors couldn't sell the company for enough to even recoup the investment. They folded. They failed. One of them was killed by the VC that funded them. Just because they have 20 people and millions will not make them beat you. You may have the advantage. If you can get to a profitable state you can overcome. Lots of markets can support more than one product in the market. Don't quit.

Re: Other startup got there before me. Stop or continue?

#48
Can you give a bit more details ?

Does: a) Your app require a large user base to be functional ? b) The appeal increase with larger community ? c) Is useful on its own, regardless of other users ?

There is a reason there are few facebooks and lots of shoe stores. What are you ?

Re: Other startup got there before me. Stop or continue?

#49

Nobody should work for months on an iPhone app. The platform is not friendly to that style of app. Work for weeks, launch and test.

> Work for weeks, launch and test. I don't know how friendly the platform is for that approach, either. Fast iteration works better when you don't have the bottleneck of app store reviewers.

App store review at the moment takes about 3 days. And even when it took 2 weeks, this is not a big problem. Iterating faster than two weeks would be annoying to your users - imaging have to constantly sync a new app every second day, and new bugs being introduced and so on. The two week review period is good for users.

Re: Other startup got there before me. Stop or continue?

#50

Nobody should work for months on an iPhone app. The platform is not friendly to that style of app. Work for weeks, launch and test.

Counterpoint: an iPhone has about the same computing power as the first-gen Xbox. People will eventually put a commensurate amount of development effort into it, and you will have to compete with them.

Yes, but if you had been releasign quickly, by now you know your consumers, you have a mailing list, you know what they want, and you can add your snazzy graphics for an existent userbase. Work for months AFTER you have tested your concept and people like what they see.

Because if you spend months and release to the great app store silence, it will break you faster than a 5 ton pin would break a camels back.

Post reply on HN