We are in the process of setting up a new service/website. We know that others competitors are working on the same idea.
Today, a competitor has released a service which is identical to ours. They have much more experience, resources and have managed to generate an incredible amount of media coverage. So far we have only spent a very small amount of money.
So the question is, considering that our competitors have beaten us to it and have a great product, do we cut our losses and run?
Oh, and in case you were wondering... our competitors are these guys:
Today, a competitor has released a service which is identical to ours. They have much more experience, resources and have managed to generate an incredible amount of media coverage. So far we have only spent a very small amount of money.
So the question is, considering that our competitors have beaten us to it and have a great product, do we cut our losses and run?
Oh, and in case you were wondering... our competitors are these guys:
http://zeebox.com/