{"id":697,"date":"2015-02-15T14:50:18","date_gmt":"2015-02-15T09:20:18","guid":{"rendered":"http:\/\/abhinav.spsdarj.org\/?p=697"},"modified":"2020-09-09T00:50:19","modified_gmt":"2020-09-08T19:20:19","slug":"how-do-you-know-if-your-startup-idea-already-exists","status":"publish","type":"post","link":"https:\/\/abhinavkr.com\/musings\/2015\/02\/how-do-you-know-if-your-startup-idea-already-exists\/","title":{"rendered":"How do you know if your startup idea already exists?"},"content":{"rendered":"<p>Answer by Carlos Del Carpio:<br \/>\nThe founder of Dropbox was pitching in front of an investor one day, and the investor asked him: &#8220;there are similar companies out there doing the same as dropbox, why should I invest in just another similar company?&#8221;<\/p>\n<p>His reply: &#8220;Yes. There are similar companies out there doing the same as dropbox. But do you use any of them?&#8221;<\/p>\n<p>&#8220;No.&#8221;<\/p>\n<p>&#8220;Why?&#8221;<\/p>\n<p>&#8220;Because they are bad.&#8221;<\/p>\n<p>&#8220;Ok. That&#8217;s what Dropbox wants to solve.&#8221;<\/p>\n<p>So bottomline: <b>Ask your potential customers<\/b>.<\/p>\n<p>Any business idea is a solution to someone&#8217;s problem out there. Ask them if they are solving it, how they are solving it, and if they would be willing to pay to have it solved.<\/p>\n<p>It doesn&#8217;t matter if it already exists if it can be done better.<\/p>\n<p><span class=\"qlink_container\"><a href=\"http:\/\/www.quora.com\/How-do-you-know-if-your-startup-idea-already-exists\/answer\/Carlos-Del-Carpio-1\" class=\"broken_link\">How do you know if your startup idea already exists?<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Answer by Carlos Del Carpio: The founder of Dropbox was pitching in front of an investor one day, and the investor asked him: &#8220;there are similar companies out there doing the same as dropbox, why should I invest in just another similar company?&#8221; His reply: &#8220;Yes. There are similar companies out there doing the same&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11,12],"tags":[],"class_list":["post-697","post","type-post","status-publish","format-standard","hentry","category-quora-post","category-quote-motivate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4KGvB-bf","jetpack-related-posts":[{"id":691,"url":"https:\/\/abhinavkr.com\/musings\/2015\/02\/what-are-the-best-kept-secrets-of-great-programmers\/","url_meta":{"origin":697,"position":0},"title":"What are the best-kept secrets of great programmers?","author":"Abhinav","date":"February 11, 2015","format":false,"excerpt":"Answer by Jeff Darcy: Never reveal all that you know. OK, seriously this time.\u00a0 I think there are really a few things that distinguish great programmers. Know the concepts.\u00a0 Solving a problem via memory or pattern recognition is much faster than solving it by reason alone.\u00a0 If you've solved a\u2026","rel":"","context":"In &quot;Knowledge&quot;","block_context":{"text":"Knowledge","link":"https:\/\/abhinavkr.com\/musings\/category\/knowledge\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":967,"url":"https:\/\/abhinavkr.com\/musings\/2016\/07\/what-is-the-latest-fad-among-the-youth-of-india\/","url_meta":{"origin":697,"position":1},"title":"What is the latest fad among the youth of India?","author":"Abhinav","date":"July 25, 2016","format":false,"excerpt":"What is the latest fad among the youth of India? by @iAmoghAnswer by Amogh Talpallikar:Let me take this opportunity to highlight a trend that I have observed on social media among young Indian IT \u201cprofessionals\u201d.They grow up having not explored nooks and corners of their heart to find out what\u2026","rel":"","context":"In &quot;Fun Stuff&quot;","block_context":{"text":"Fun Stuff","link":"https:\/\/abhinavkr.com\/musings\/category\/fun-stuff\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":634,"url":"https:\/\/abhinavkr.com\/musings\/2014\/10\/what-are-the-most-productive-ways-to-spend-time-on-the-internet\/","url_meta":{"origin":697,"position":2},"title":"What are the most productive ways to spend time on the Internet?","author":"Abhinav","date":"October 17, 2014","format":false,"excerpt":"Answer by Prateek Keshari: There are numerous websites, blogs, Youtube channels etc that you can follow and make the most of your time when wired in. Here's a list of some blogs and websites that you can follow: Brain Pickings (Highly recommended)- Brain Pickings is a human-powered discovery engine for\u2026","rel":"","context":"In &quot;Knowledge&quot;","block_context":{"text":"Knowledge","link":"https:\/\/abhinavkr.com\/musings\/category\/knowledge\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":986,"url":"https:\/\/abhinavkr.com\/musings\/2016\/08\/what-was-anudeep-nekkantis-competitive-programming-strategy-to-become-35th-in-global-ranking-in-just-6-7-months\/","url_meta":{"origin":697,"position":3},"title":"What was Anudeep Nekkanti&#8217;s Competitive Programming strategy to become 35th in Global ranking, in just 6-7 months?","author":"Abhinav","date":"August 19, 2016","format":false,"excerpt":"Answer by Anudeep Nekkanti: What I did ? Solved about 300 problems on SPOJ in this order - Sphere Online Judge (SPOJ) Result ? Became very good with C++ and STL Got introduced to most Competitive programming KEYWORDS (like DP, maxflow, sets, hashing, etc) Learned Standard Problems and Algorithms Indenting\u2026","rel":"","context":"In &quot;Knowledge&quot;","block_context":{"text":"Knowledge","link":"https:\/\/abhinavkr.com\/musings\/category\/knowledge\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":852,"url":"https:\/\/abhinavkr.com\/musings\/2015\/11\/why-do-we-have-two-stock-exchanges-bse-and-nse-is-one-not-sufficient\/","url_meta":{"origin":697,"position":4},"title":"Why do we have two stock exchanges BSE and NSE? Is one not sufficient?","author":"Abhinav","date":"November 12, 2015","format":false,"excerpt":"Answer by Balaji Viswanathan:Bombay Stock Exchange and National Stock Exchange are both private companies [sometimes people assume they are government organizations like the Reserve Bank]. Think of stock exchanges as eBay or your favorite shopping website. You can buy the same book published by the same company through multiple shopping\u2026","rel":"","context":"In &quot;Knowledge&quot;","block_context":{"text":"Knowledge","link":"https:\/\/abhinavkr.com\/musings\/category\/knowledge\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":998,"url":"https:\/\/abhinavkr.com\/musings\/2016\/09\/what-is-the-best-strategy-to-improve-my-skills-in-competitive-programming-in-2-3-months\/","url_meta":{"origin":697,"position":5},"title":"What is the best strategy to improve my skills in competitive programming in 2-3 months?","author":"Abhinav","date":"September 11, 2016","format":false,"excerpt":"Answer by Sachin Gupta: This post has been taken from the blog post\u00a0 Learn to Code by Competitive Programming written by MV Kaushik when he was interning at HackerEarth Here are some steps to get started and be good at it. Get comfortable writing code in either of one of\u2026","rel":"","context":"In &quot;Knowledge&quot;","block_context":{"text":"Knowledge","link":"https:\/\/abhinavkr.com\/musings\/category\/knowledge\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/posts\/697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/comments?post=697"}],"version-history":[{"count":4,"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/posts\/697\/revisions"}],"predecessor-version":[{"id":1791,"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/posts\/697\/revisions\/1791"}],"wp:attachment":[{"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/media?parent=697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/categories?post=697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abhinavkr.com\/musings\/wp-json\/wp\/v2\/tags?post=697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}