[wayfarer2s]

Competition is a tricky concept. If there is competition, that can be seen as verification of the concept, but at the same time it offers valid counterpoints. If there is no competition, it might be because the idea is so hard that nobody else has figured it out or so unpromising that everyone else dismissed it.

What role does competition play in your evaluation of a startup?

[sama]

I have never cared too much about "validation" or "verification of the concept". I trust my own judgment, and the companies I've made the most money on had far, far more people saying the idea was stupid than validating it.

I just try to evaluate every idea on its own merits and potential, and not worry about anything else. I suggest you do the same.