38 min listen
They stole our idea!
FromBuild Your SaaS
ratings:
Length:
49 minutes
Released:
May 5, 2020
Format:
Podcast episode
Description
What do you do when a competitor steals your idea? (plus: Justin and Jon have the giggles).
People in tech get bent out of shape about who owns certain ideas, UI patterns, and business models.
“They ripped off my idea”
"They copied us!"
This blog post by Justin Mitchell:https://medium.com/@itsthisjustin/no-idea-is-unique-but-this-is-insane-a247ec80f6a7
Good Stackexchange thread:“In the history of science, this is known as "Railroad time". I.e, when the economy has reached a certain state of infrastructure (coal, steel, and land available, plus steam engines and demand for transportation), it's "Railroad time", and the idea of building railroads occurs to many people naturally at the same time.”
Documentary: https://www.generalmagicthemovie.com/
Multiple discovery (simultaneous invention): “the hypothesis that most scientific discoveries and inventions are made independently and more or less simultaneously by multiple scientists and inventors”
Synchronicity: “the simultaneous occurrence of events which appear significantly related but have no discernible causal connection.”
Collective consciousness.
How to respond if a competitor rips of your idea:
Paul Jarvis tweet: "fathom copycats pop up so often that i've lost count. we honestly don't mind them... they STOKE THE FIRE ? to make our product even better."
Hedge against the competition:
Build your brand: the way people perceive your company; how “top of mind” are you?
Build your audience: competitors can't easily replicate who you know, and who knows you.
Customer service: how well you take care of people; how responsive you are
Continued product improvement: you don’t have to be the most novel; you just have to show continuous improvement in vectors that customers care about.
Last longer than your competition: don’t hire too many people, keep your costs low; if you can outlast your competition, you don’t have to worry about them stealing your stuff.
You can reply to this podcast here:
Twitter: @buildyoursaas, @mijustin, @jonbuda
Leave a comment on PodHunt; it's like Reddit, but for podcasts.
Email us: mail@transistor.fm
★ Need a podcast?
Transistor allows you to host all of your podcasts in one place.
We also offer private podcasts: use them with your team, or on your membership site.
Get a 14-day trial here.
Thanks to our monthly supporters:
Bill Condo
Sofia Quintero
Diogo
Chris Willow
Mason Hensley
Borja Soler teami.io
Ward from MemberSpace.com
Eric Lima
James Sowers (like Flowers) with UserInput.io
Travis Fischer
Matt Buckley, from NiceThings.io
Russell Brown
Evandro Sasse
Pradyumna Shembekar (PD), pradyumna.dev
Noah Prail, eventOneHQ.com
Robert Simplicio, Simplicio.com
Colin Gray alitu.com
Josh Smith, hellosift.com
Ivan Curkovic
Brian Rhea (Pronounced “Ray”)
Shane Smith, dev.transistor.fm
Austin Loveless
Michael Sitver, letterjoy.co
Paul Jarvis and Jack Ellis, usefathom.com
Dan Buda danbuda.com
Darby Frey
Samori Augusto, thebicrowd.com
Brad from Canada
Sammy Schuckert
Mike Walker
Adam DuVander
Dave Giunta (JOOnta)
Kyle Fox GetRewardful.com
Thanks to our monthly supporters
Pascal from sharpen.page
Rewardful.com
Greg Park
Mitchell Davis from RecruitKit.com.au
Marcel Fahle, wearebold.af
Ethan Gunderson
Anton Zorin from ProdCamp.com
Bill Condo (@mavrck)
Ward from MemberSpace.com
Russell Brown from Photivo.com
Evandro Sasse
Austin Loveless
Michael Sitver
Fathom Analytics
Dan Buda
Colin Gray
Dave Giunta
Want to start a podcast on Transistor? Justin has a special coupon for you: get 15% off your first year of hosting: transistor.fm/justin
★ Support this podcast on Patreon ★
People in tech get bent out of shape about who owns certain ideas, UI patterns, and business models.
“They ripped off my idea”
"They copied us!"
This blog post by Justin Mitchell:https://medium.com/@itsthisjustin/no-idea-is-unique-but-this-is-insane-a247ec80f6a7
Good Stackexchange thread:“In the history of science, this is known as "Railroad time". I.e, when the economy has reached a certain state of infrastructure (coal, steel, and land available, plus steam engines and demand for transportation), it's "Railroad time", and the idea of building railroads occurs to many people naturally at the same time.”
Documentary: https://www.generalmagicthemovie.com/
Multiple discovery (simultaneous invention): “the hypothesis that most scientific discoveries and inventions are made independently and more or less simultaneously by multiple scientists and inventors”
Synchronicity: “the simultaneous occurrence of events which appear significantly related but have no discernible causal connection.”
Collective consciousness.
How to respond if a competitor rips of your idea:
Paul Jarvis tweet: "fathom copycats pop up so often that i've lost count. we honestly don't mind them... they STOKE THE FIRE ? to make our product even better."
Hedge against the competition:
Build your brand: the way people perceive your company; how “top of mind” are you?
Build your audience: competitors can't easily replicate who you know, and who knows you.
Customer service: how well you take care of people; how responsive you are
Continued product improvement: you don’t have to be the most novel; you just have to show continuous improvement in vectors that customers care about.
Last longer than your competition: don’t hire too many people, keep your costs low; if you can outlast your competition, you don’t have to worry about them stealing your stuff.
You can reply to this podcast here:
Twitter: @buildyoursaas, @mijustin, @jonbuda
Leave a comment on PodHunt; it's like Reddit, but for podcasts.
Email us: mail@transistor.fm
★ Need a podcast?
Transistor allows you to host all of your podcasts in one place.
We also offer private podcasts: use them with your team, or on your membership site.
Get a 14-day trial here.
Thanks to our monthly supporters:
Bill Condo
Sofia Quintero
Diogo
Chris Willow
Mason Hensley
Borja Soler teami.io
Ward from MemberSpace.com
Eric Lima
James Sowers (like Flowers) with UserInput.io
Travis Fischer
Matt Buckley, from NiceThings.io
Russell Brown
Evandro Sasse
Pradyumna Shembekar (PD), pradyumna.dev
Noah Prail, eventOneHQ.com
Robert Simplicio, Simplicio.com
Colin Gray alitu.com
Josh Smith, hellosift.com
Ivan Curkovic
Brian Rhea (Pronounced “Ray”)
Shane Smith, dev.transistor.fm
Austin Loveless
Michael Sitver, letterjoy.co
Paul Jarvis and Jack Ellis, usefathom.com
Dan Buda danbuda.com
Darby Frey
Samori Augusto, thebicrowd.com
Brad from Canada
Sammy Schuckert
Mike Walker
Adam DuVander
Dave Giunta (JOOnta)
Kyle Fox GetRewardful.com
Thanks to our monthly supporters
Pascal from sharpen.page
Rewardful.com
Greg Park
Mitchell Davis from RecruitKit.com.au
Marcel Fahle, wearebold.af
Ethan Gunderson
Anton Zorin from ProdCamp.com
Bill Condo (@mavrck)
Ward from MemberSpace.com
Russell Brown from Photivo.com
Evandro Sasse
Austin Loveless
Michael Sitver
Fathom Analytics
Dan Buda
Colin Gray
Dave Giunta
Want to start a podcast on Transistor? Justin has a special coupon for you: get 15% off your first year of hosting: transistor.fm/justin
★ Support this podcast on Patreon ★
Released:
May 5, 2020
Format:
Podcast episode
Titles in the series (100)
We need to talk: How to communicate (and make decisions) with your co-founder. by Build Your SaaS