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Hello everyone,
I recently had an idea for a product that would take quite a bit of technical development. I recently found out that there are large companies doing similar if not the exact same things. I'm not sure how to compete against them. I know about value skew, but that's a bit unlikely when they have billions in revenue and thousands of engineers. I think maybe I could make a prototype of my product in maybe a year or maybe it wont even be possible. But I don't see how I can compete against these types of companies as they would always have a better product, along with authority and reputation. If I choose something that is smaller scale, the entry barriers seem too low. It seems like to me that any of my ideas that I deem to have sufficiently high entry barriers, are being dominated by large companies. How to go about doing this without any capital or connections? Anyone have experience taking on goliath?
I recently had an idea for a product that would take quite a bit of technical development. I recently found out that there are large companies doing similar if not the exact same things. I'm not sure how to compete against them. I know about value skew, but that's a bit unlikely when they have billions in revenue and thousands of engineers. I think maybe I could make a prototype of my product in maybe a year or maybe it wont even be possible. But I don't see how I can compete against these types of companies as they would always have a better product, along with authority and reputation. If I choose something that is smaller scale, the entry barriers seem too low. It seems like to me that any of my ideas that I deem to have sufficiently high entry barriers, are being dominated by large companies. How to go about doing this without any capital or connections? Anyone have experience taking on goliath?
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