[booop]

If you'll only spend your time working on a product for some niche that no one has found, you'll end up with nothing. Competition is inevitable, so it's best to face it and never fear it.

[tonyedgecombe]

Well I work in a niche with lots of competition, some of it strong, some not so strong. I'm not convinced that I'd want more of it though.

[JoeAltmaier]

Yes its a fundamental precept of any new business idea that existing competition validates the idea, it doesn't shoot it down.