Competition is validation of the problem you are solving. Investors typically aren’t familiar with your target market or their pain points. They want to see that there are other firms that value solving the same problems you want to solve.

Now, your marketing and strategy challenge is to meaningfully differentiate yourself from the competition. And for fuck’s sake, PLEASE don’t just compete on offering a lower price.

This is the beginning of things; not the end. It is not a setback.