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Early-stage Startups: I have been developing an idea on my own for sometime now. Recently,a potential competitor has surfaced. Should I reach out to them? What should I do?
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Sean Simone, Hardware Entrepreneur. Chinese Manufacturing answered:

Lee is pretty much spot on here. You can do what it take to compete, try to join them or find something else and move quickly. And don't worry, there is always something else.

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