Is competition good for your startup ?

In my opinion, competition is very healthy for startups for the following reasons:

• Helps you create and expand the market.
• Pushes you to innovate beyond limits
• You can learn from their mistakes

Having competitors to my startup made my entrepreneurial experience so much fun.

Great points Elie. I would argue that it also:

1. Validates the existence of a market. No competition would raise eyebrows with investors. Either you do not know how to do research or there is no market.
2. It helps rally the troops around a goal. It gives everyone in your startup focus.
3. Puts you on the radar from a PR, biz dev, acquisition perspective. If your competition does something, you may be able to ride their wave.