Romain Sourdiaux

Can you compete with big companies?

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Hi everyone, What is the value in spending time/money/energy on a project/idea than can probably be copied by big players? Unless it can be patented, or unless it's too hard to copy, is it worth it?
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Omar Alles
Be the first, let them copy and try to move fast whether competition. Perhaps big dinasours move slower than you. It might be cheaper for big old dinasours to buy your project than start a new one from scratch :) Anyway, should anybody aspiration be a monopoly? are you sure you need to dominate the market? If there is market wouldnt be enough to have a small piece of it for you and your team? Nobody better than you to set the goals and consider the risks. Good luck from Spain.
Debajit Sarkar
Perhaps, the most important way your business can stand out from the larger companies is through great Customer Service. This is primarily because, customers appreciate and pursue relationships and experiences, not just end results.
Alexander Khayurov
you will never know it without trying, TRY!
Quina
It definitely worth it. I am very happy seeing my idea or product being "re-made" to become better.
Martin Delobbe
It can always be copied. However everything is a matter of time and ressources. If a big player want to copy what you did, he first has to know about you. Then the difference between a big player and you is the knowledge around the new product you've built. This cannot be copied unless someone of your team works for the big player.
Sal Iozzia
Think of this in terms of the problem you are solving. Are there large companies trying to solve similar problems? in similar ways? Does this problem solution require a lot of time to understand to get right? Most big companies are big because at some point in the past they started addressing a problem correctly and then they scaled up to exploit the full market size of the opportunity. They are likely busy with the current opportunity that their solution exploits. The reason big companies dont do well against disruptive startups is that until the problem/solution is validated they often dont value it internally. and even when a startup gets enough traction to get on the radar of a big company, they have their budgets already locked in for the next year, so they have to convenience a myriad of stakeholders to carve out a small team to just begin the problem space exploration that you are already years into. So the question is, once you get on the radar of your potential big competitors, what advantages can you build into your business model that will make it hard for them to replicate quickly. All you can do here is buy yourself time with these advantages, but buying yourself time means possibly being a market leader or more attractive longer. These advantages may make you an attractive acquisition as well. But honestly nothing matters other than user adoption. If you have a lot of users, then your tech is good enough. If you dont have alot of user then does not matter how awesome your tech or product is, no competitor will care, and no one will try to buy you out. Just focus on learning about your customers problem faster and more completely and delivering solutions faster and more completely then anyone else. Don't fear investing in your idea over this. Just do it.
Andrew Jernigan
I believe so. Often a smaller company with new mindsets and perspectives can offer better service, unique solutions and a stronger product. It's exactly what we are working to do in a VERY well established market. The tough think we are facing as we gear up to launch is how to get the word out, how to get noticed when the 'big players' have SO much more money to put into marketing, ads and press. Eager to hear any input. Thanks, @jernigan Launching (available now in a soft-launch phase) a better, stonger travel medical insurance with added features.
May Jafari
The real focus has to be on providing value to the community. If our fear is greater than desire then we can't ever win.
Abilash
We are working on a piece of software that wouldn't take a day or 2 to replicate. However, we have been trying to understand the scale in which google wants to go. I.e., Firebase. They have millions of users however, since the architecture, development method, technology & target audience differs for every company, it makes it difficult to focus on small yet important problems of development cycle. If we need to compete against the big companies, we need to think of that problem which is minuscule and makes a big impact even for big companies. This is the reason why they would acquire start-ups and add them to their portfolio. Also, big companies are often solving their own problems & focused towards optimising & automating their process. This means, there is always an opportunity but we need to weigh the talents, cash in the bank, problem we are solving & acquiring users. We get some things right, we make it worth it!
Branimir Hrženjak
Small teams are versatile and more flexible, as opposed to a majority of big companies. Corporate politics tend to smother creativity, so if your idea does get copied: know your work stands out from the crowd. Use this information as a push to build something of your own that can't be taken away.