| Pros:
- markets validated - investors may see more options for acquisition exits - if in a crowded space you still see a gap it's likely real Cons:
- table stakes to reach parity with existing solutions may be higher - existing entrants may be quick to replicate your killer feature - with more noise demands more marketing/differentiation/ads/baked-in virality I'm sure you've already thought of all that jazz. One idea is, if you can find any online communities which overlap with your target demographic maybe develop a survey (crude mockups could be even better in the survey) and ask if that feature set would entice them to switch from their current solution. Another approach is to use the producthunt "coming soon" with decent mockups / landing page to gauge interest? Maybe find a content creator that specializes in this space and propose a interview style video where you open the book and bounce ideas for what's missing in the market and what your solution would be. This would likely be the most fruitful move but you'd be putting it all out there which is the only way to make this type of video work for both parties. Lastly, YC never seems worried about funding startups in a crowded space especially if the market doesn't seem too matured as there's still time for a new entrant to "get it right". Good luck! |