If you have ever given a presentation to a Venture Capitalist, an angel or anybody you try to get some money out of for your new product or service, you've probably been faced with the question, "What's the competition" or "How do you stack up to your competition?"
It's an interesting trap, actually. Rather then focusing on the problem you solve, why people would love it, use it, PAY for it, we in the money biz sometimes get more worried about the other guy then what this idea is all about. Some things, like word processors, are a bit obvious with respect to having to talk about competition, most mostly great ideas should be studied as a great idea first, who uses and who pays.
While that posting falls into the 'rant' category, it is in the read it pile for all new start ups. There are two excellent pictures that sum it up nicely
It makes the point, nicely.
The second one pretty much sums up lots of long in the tooth, bloated pieces of software.
Thanks, Rachel.. Call your mother..