Peter Thiel always talks about staying away from competition.
Competition eats profit.
Monopolies are where the profit is.
Sometimes you can find a completely new game, but most times the way to escape competition is to out-run it.
You need to grow much faster.
You need to reach “escape velocity”. The speed that will take you out of the gravitational pull of your competition, and let you wander alone in space.
Escape velocity is exponential growth.
The compounding effect of 7% user growth in will take you into the stratosphere.
Chase escape velocity.