The TechZing interview with the creator of Nozbe addresses your question exactly, his answer: be persistent, stay positive and move forward.
He was amazed at how many competitors he outlasted and simply had more interest and staying power than.
NOTE: A well-funded competitor has investors that want a big return on their investment, they don't want to stand around doing nothing. So that company is going to need to most fast and big, and if it doesn't hit, depending on the investment they have taken, will die away.
All that being said, if you are shaken by this, enough to have lost confidence in your idea or execution, you may want to move on.
If you are still completely confident in your idea and this hasn't shaken you at all, there is ALWAYS room in the market for multiple competitors, so dig in and go for it.
He was amazed at how many competitors he outlasted and simply had more interest and staying power than.
NOTE: A well-funded competitor has investors that want a big return on their investment, they don't want to stand around doing nothing. So that company is going to need to most fast and big, and if it doesn't hit, depending on the investment they have taken, will die away.
All that being said, if you are shaken by this, enough to have lost confidence in your idea or execution, you may want to move on.
If you are still completely confident in your idea and this hasn't shaken you at all, there is ALWAYS room in the market for multiple competitors, so dig in and go for it.