Re:Insights From Street-Smart Entrepreneurs
by knightinblue on Saturday July 18, 2009 @12:12AM
(#711342)
A lack of competitors is almost always a bad thing because it means the market you entered doesn't interest anybody else.
Completely disagree with this. There are plenty of successful startups that created a whole new niche that didn't even exist before they got into it. If anything, the lack of competition (and a high barrier of entry) were significant reasons for their success.
Completely disagree with this. There are plenty of successful startups that created a whole new niche that didn't even exist before they got into it. If anything, the lack of competition (and a high barrier of entry) were significant reasons for their success.