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yao420 | 1 year ago

Literally every software I have ever used or company I worked for has had multiple competitors doing the exact same thing.

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billllll|1 year ago

I really doubt "literally" every software you used or worked for has multiple competitors doing the "exact" same thing. VC money can temporarily prop up multiple competitors doing the same thing, but over time, winners definitely spring up.

A lot of software that on the surface does the "exact same thing" often has different nuances, either to the business or the product that makes them appeal to different niches in the market.

Understanding the nuances and exploiting the market niche is your only goal when starting a business. It's not something you ever do or think about when working on software, but people who strike it out on their own quickly realize that simply building is not enough, you MUST give people a good reason to use your software. Just because you don't see or understand the nuances, does not mean they are not there.

yao420|1 year ago

I can’t think of a single software that does not have fierce competition. Just today, YouTube, slack, chrome, Claude, burpsuite, interm, obsidian, nest, outlook, Zillow, AWS, cloudflare,GitHub, Roborock, jetbrains.

They could all be replaced and do 90% of the job immediately and a week later figure out the last 10%.

As as for work, coinbase is not the only exchange, square is one of many, meta is another social media site.