Forget About the Competition

The smart strategy is to just do your best, writes venture capitalist Fred Wilson.

 
Fred Wilson; VC and principal of Union Square Ventures

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Fred Wilson; VC and principal of Union Square Ventures

"One mistake I see startups make a lot is getting too focused on what is going on around them. They spend too much time trying to figure out what their competitors are going to do. They watch the next hot startup with jealousy and it reminds them of when they were that 'shiny new thing' and they want that back. The reality of startups is that there is so much opportunity out there that if you just focus on what is in front of you, your company will do fine."