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This isn't a one size fits all type question, or one that somebody can really give good advice on without knowing the details of the situation. Here's what I would ask myself: - is your market very diverse (e.g. is it very unlikely the new competitors can capture a dominant share?) - is your market large? - do you believe you can supply something more than your competitors?

eventually, those questions should be used as input to the real question: can you still run your business successfully, or does getting beat to market by the competition prevent you from executing?

Guess it depends on the time you have on your hands, the work involved and the quality of the competition.

If you have worked on it to some extent already then it seems like a waste to not at least release the code.

I'm wondering that too. I had an idea, and then I saw that a startup recently sprung up with some pretty big names on board. Not sure if I should go forward with it or discard it.

Ask HN: What should you do ?