They're not your competitor. They're in the same space but you haven't even begun to fight. In a year they might be your competitor.
Focus on your startup, keep an eye on theirs on sites like HN, Quora and any relevant blogs, but don't be afraid.
Them being funded or better funded is just something you're going to have to get used to, it doesn't mean anything at this point though - money doesn't buy traction, they have a great chance of failing and moving in a new direction or flat out dying.
Focus on your startup, keep an eye on theirs on sites like HN, Quora and any relevant blogs, but don't be afraid.
Them being funded or better funded is just something you're going to have to get used to, it doesn't mean anything at this point though - money doesn't buy traction, they have a great chance of failing and moving in a new direction or flat out dying.