The first thing many entrepreneurs do when considering a new idea or startup is comb the market to see if it has already been done. The most common result is the realisation that someone thought of it, and even built it, way before we did. Beside the fact that this is a validation of awesomeness, it also leads us to make the rookie error of looking for a new idea. Instead we might consider these two questions.
- If it’s been done and we didn’t know about it, has it really been done?
- If they did it and it didn’t work, is it because the idea is crap, or did they do a crap version of it?
The only real way to answer these questions is to ignore the fact that it has already been done, and do our version of it anyway. While it is true there is only room for one stunt or advertisement using a particular idea, creating a business on a certain idea has greater complexities and nuance, all of which the idea itself represents a very small part.
If you’ve still got doubts, here’s a little known fact worth remembering: There were over 300 video sharing channels when Youtube launched. What Youtube did was create a simple user experience and had the killer app of easy embed across the blogosphere and most other social web services.
Startup blog says: Build your version anyway.