you sure the market is too crowded?
Searching for something completely different and came across this quote from Elan Musk (co-founder of PayPal) years ago:
Certainly, the idea of transferring money by entering an email address was originated by neither X nor Confinity. Billpoint (acquired by eBay in 1999) and Danny Shader’s Accept (acquired by Amazon in 1999) were both there almost a year earlier. There were also many well funded competitors along the way, such as Citigroup, who spent hundreds of millions on their c2it email payment service, including exclusive distribution deals with MSN and AOL. There was BancOne’s emoneymail, Yahoo’s PayDirect, Western Union’s BidPay, etc.
Just a thought (balancing, perhaps, some earlier posts):
What’s more important, spending your time finding the market/problem that no one is looking at or finding a competitive advantage in a big market?
