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Welcome to the Dreamit Dose. In the next five minutes, well talk about how 80% of startups make huge mistakes when talking about the competition. And its deadly critical that you get this right. Luckily, its pretty easy to fix. Lets dive in. The first mistake I see entrepreneurs make, is they truly dont even understand who the competition is. They havent exhaustively done a search. The number of times I meet with a startup they tell me who their competition is I do one detailed Google search. I flip my Macintosh around and say wait a second what about these other three? You havent even mentioned them and Ill say, I dont even know who those are. I mean, did you spend any time? On this issue, dont be like an ostrich and stick your head in the sand. Because youre gonna get run over by a big truck, and thats gonna be an investor that you meet with that knows more about the competition than you do. I mean its like when you were a little kid right, and you being in your dark r
