[pschlump]

I built a successful angel funded start-up company. We had 2 other competitors in our "space". One that had $10 million in funding and the other that had $50 million. We had $50,000 at the time. (Yes 50k). We continued. In the end with customers in palace we had raised a couple of million in funding. We sold the company. We were successful. Our competitors couldn't sell the company for enough to even recoup the investment. They folded. They failed. One of them was killed by the VC that funded them. Just because they have 20 people and millions will not make them beat you. You may have the advantage. If you can get to a profitable state you can overcome. Lots of markets can support more than one product in the market. Don't quit.