Most startups are undercharging, and relying solely on lower prices as a differentiator is not a sustainable strategy.

To create a massively successful startup, you need to have a huge market and make something that a lot of people will pay for or that people will pay a lot for.

Your startup should have a unique aspect or unfair advantage that demonstrates why it will grow faster than competitors.

Companies that successfully identify valuable ideas can experience rapid revenue growth, as evidenced by startups that have significantly increased their revenue shortly after launching.

Founders mistakenly avoid markets with existing competitors, but these markets can indicate a real demand for solutions that existing products fail to address, as seen with Dropbox's success despite many competitors.

Defensibility in startups often comes from doing something unique that others aren't pursuing. The most enduring companies typically find ways to differentiate themselves from the competition.

Startups should focus on creating unique value propositions that go beyond what models like ChatGPT can offer, as they may incorporate similar functionalities.

To stand out, your startup must clearly articulate how it cuts through the noise of competitors claiming to be faster, better, or cheaper.

Having competition is often a good sign for a startup idea, as it indicates that there is a market, but you need a new insight to compete effectively against entrenched players.