What’s the best way to navigate competitive forces?

Eric Ries (Author, The Lean Startup)
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses

Sooner or later, a successful startup will face competition from fast followers. If a competitor can out execute a startup once the idea is known, the startup is doomed anyway. The reason to build a new team to pursue an idea is that you believe you can accelerate through the Build-Measure-Learn feedback loop faster than anyone else can. A head start is rarely large enough to matter, and time spent in stealth mode—away from customers—is unlikely… (read more)