Re:Convore vs Banterly - Beaten to the punch
by thecory on Tuesday February 22, 2011 @05:50PM
(#2251950)
Good points...there's so much that goes into making the decision to go forward on any project. Competitors are just one thing to consider. There are maybe other more important things like does this solve a pain point? For example, do people really feel the pain of trying to hold direct conversations on Twitter? Would they prefer to have a real time discussion? If so, how many people would potentially use this type of app? How big is the market? Etc.
p.s. second mouse gets the cheese...hilarious
Launching at the same time as a competitor creates more static in the press. I remember when the movie "Deep Impact" was announced close to "Armageddon". I thought to myself "Jesus Christ, this is too much". I don't think that whichever was the last one to hit the big screen was riding the coat tails of the other, or that the earliest one deserved my attention or money more than the last one.
Should Pepsi have called it quits, because they knew that Coca Cola were doing a coca beverage? Of course not. A competitor can be a pain in the ass in some ways, but it also makes for a great way to analyze your market and customers without looking inwards, which can be very difficult for anyone. If they gain traction, you'll know that there's a market.
If they die, you'll have their example as a cautionary tale; if you don't have a lighthouse to navigate by, navigate around the ship wrecks ahead of you.
I think he's annoyed that Convore launched a similar project and received some good press and community love (as little as it is outside the distortion field of the Valleysphere of Techcrunch and HN).
I always think of ReadWriteStart's mantra that "the early bird gets the worm; the second mouse gets the cheese".
"Is it important to be the first one out with the 'same' idea" is one of the many inane theory-crafting discussions that serve little other purpose than discourage people from launching.