There are always competitors who have been longer in the game and who are better funded. But it doesn’t mean they will be the winners in the marathon.
A startup is a marathon, not a sprint.
Gobs of VC money never guarantees a startup’s success. A nimble upstart can beat a well funded competitor with a superior strategy.
Here’s a 1 minute 21 second video that explains further:
And I’ve written two case studies for deeper study, on Hotelplanner and Social Annex.
Both of these upstarts have successfully battled heavily funded competitors.
And won!
We had both of them as guests at our roundtables. Here are…