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Re:Ask HN: Beaten to the punch by a competitor, advice? by furiouslol on Thursday September 11, 2008 @09:54PM (#302006)
Takeaway point is similar to what the others have said:

- Learn from your competition and differentiate yourself from them

- There are competitors all the time. So learn to live with them and out-execute them.

- Being late to the party is not a problem as long as you execute well (See dropbox)

Another good example is Box.net. They were in a crowded space. They were not first but they differentiate themselves from the competition by offering an easy + social UI that makes sharing fun. It all boils down to execution.

Good luck with your project!

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