[csuper]

Keep pushing on. You should be encouraged that the idea has competition, I think that gives it merit.

Also - their large team and funding could actually limit them. You will have a lot more freedom to build what you want.

[ams6110]

They are also now beholden to their fund sources... that kind of money does not come without strings.

[mpf62]

I fully agree.

And they need to make a good amount of money to "feed" 20 people after they exhausted the funding. Think of it this way: you need at least 95% less sales to make the same profit per person (implied you sold your app for the same price).