When you buy a Tesla you won't find comparisons about potential savings or benefits over other electric cars. Instead it is compared to the cost of ownership of a gas powered car.
When you buy a Tesla you won't find comparisons about potential savings or benefits over other electric cars. Instead it is compared to the cost of ownership of a gas powered car.
And, when they started up, they must have googled and found other products and decide to start up anyway? I'd love to know more about that decision. Seems like it'd be difficult to justify, but obviously it worked out for them so maybe I'm just overthinking it.
As for competition, you want to enter a market with competition. If there is no competition, then there must be a reason. Either a) there is no market at all, b) the market is not profitable or c) you are inventing a new market. I have seen many founders try to do c) because of your reasoning of finding something with no competition and fail.
Competition also shows you might have timing correct. If they had no competition except Google, then why would Plausible be the only ones to see the market opportunity? That's extremely unlikely and would indicate to me that Google still had a stronghold on the market.
also you dont have any data to enable you to separate potential customers fron people who just want to waste your time because they are curious but wont buy. you dony know the buy cycle in that markrt, etc.
Seeing which service has customers you have heard of as a proxy for credibility.