Ask HN: How do you define a “competitor”? | Hacker News Reader

Ask HN: How do you define a “competitor”?

3 pointsactfrench10 comments

I'm more of a collaborator than a competitor and always have trouble with that question of "how do you differentiate yourself from the competition." that VC's so love to ask.

Curious to know how folks define "competitor"

Is it someone your customers would choose instead of you? Is it someone your customers also use a lot? Just a company you feel threatened by?

Curious to know how others frame this.

View on HN

Maybe a competitor is someone who, if you colluded with eg on price, it would harm your customers/users.

I think it's tricky when the product is truly unique. For example, I guess for Airbnb in the early days you could say that their competitor was couch surfer, craigslist or hotels...but also what they were doing was so different.

Some people say that if you don't have competition, it's not a good idea, but I don't believe that's entirely true. There are some completely innovative products.

Yeah your first point "someone your customers would choose instead of you" is how I view it

That's pretty rough for people in web publishing/social media whose business model relies on advertisement, as basically anything retaining people attention other than their product is a competitor. Even having a having a face-to-face discussion with a friend over a meal may amount to competition.

Yes, but that's how it is.

There's direct competition, e.g. another business doing the same as you. And there's more indirect competition, perhaps another industry but that can lure eyeballs away from you.

You are competing against anything and anyone that might divert attention, sales, etc away from you.

I think it cannot be good for society, but regulation is tricky and I don't have any silver bullet solution to offer. Maybe some smart people will find a solution eventually. Though on the question of an alternative to ads as a source of income, I like the idea of partly subsidizing press through public library subscriptions. However, while this "library model" already exists for paid online press, I absolutely don't see it working for social media like TikTok, Twitter, Reddit, etc. (but maybe it's just a lack of imagination from my part).

It's neither good nor bad. It can be good, it can be bad. What is sure is that this is life and there is nothing you can do about it.

I still can complain, and no one will stop me ! (just kidding)

It’s part of the definition of “ a market”. With any demand there needs to be a supply and healthy competition/(or consumer choice) is part of maintaining a healthy market. The opposite of competition in a market is a “monopoly” which is often bad for consumers.

well put. I like the "diverting attention" angle.

Reply on news.ycombinator.com