Tip:
Highlight text to annotate it
X
As I started to think about launching Tradze, I looked around and there was
a lot of competition but, it's, competition's a really interesting thing.
If you're doing something or thinking about
doing something and nobody else in the
world is doing it, then there's a 1% chance that you are a freaking genius.
And there's a 99% chance that your idea sucks, because if there's like a
big market opportunity and something that customers really want, you're
probably not the only person who's going to think of it.
And so, competition is like this fallacy, right?
You'll hear a lot of, like, oh I mean,
obvi-, the obvious question I got all the time.
So why would you do this, there's eBay, right?
And now we have ten other competitors, and
they all have more money than we do.
How are you going to do this?
Other people are funded.
You know, that's what I would always hear.
I don't know.
All
I know is that I've seen giants fall.
I've seen well funded companies fall apart.
I've seen people with perfectly great feet and not be able to dance.
I've seen a lot of weird stuff.
And I think that a crowded market with healthy
competition means that you're probably barking up the wrong tree.
And now you need to stop looking at them and just focus on your goal.
so, that applies everywhere across the board.
Like, is that person
better than me, smarter than me, going to do better than me?
Is that company better than me, smarter than me?
The only thing you have as an entrepreneur, the only,
well I mean, some of you might have more than this.
All I had was time.
And every minute spent looking at the competition was
a minute I didn't spend getting where I was going.
So, it's not to say I never did that, because I definitely looked at
some competitors' sites and went, oh no,
they figured that thing out, but the
more you can avoid that, the better.
It's a, competition is a lie.
Like don't let anyone tell you, oh, your
idea's no good because someone else is doing it.
That means that there's room for it, and you can beat them.