
#142 – A serial fintech founder's journey: Jorge Vargas Neto, BHub
Latitud Podcast
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The Importance of Competition in Startups
I do not worry really about competitors. Why? Because to be honest, and that works for every startup entrepreneur. We are building something new. Otherwise it wouldn't make any sense for you to build a new company for doing something that already exists. The status quo, the incumbents, are really our competitors. Our main challenge is to build a product that is much better than the current existing solution available in the market. That's the challenge.
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