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A comment on Ask HN: If someone else is "doing it", is that a reason not to compete?.

Re:Ask HN: If someone else is "doing it", is that a reason n... by davcro on Monday June 28, 2010 @07:25PM (#1469801)
No. The internet is a big place and there is room for multiple competitors. If someone else is "doing it," than the idea has been proven to be lucrative.

Regarding investors, if this is a web app, IMO, you should have an alpha version with good traction before raising money.

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