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by rwhitman 5814 days ago
On a lot of things I've worked on competitors were a great thing - you can see their mistakes and correct them ahead of time.

But when you first discover a new one who's doing a better job its always a downer. Founders can get really depressed when a better-funded competitor comes out of stealth one day. The lowest lows I've experienced on startup projects routinely stem from the first 24hrs after we've discovered a new competitor. Especially when the CEO gets spooked there can be crazy emails, spec changes, scared/angry all-hands meetings etc.