Make a lot of small bets.<p>The investments are not either or. Spend a little time on each thing, and be open to the ones that work for you, choosing you.<p>Regarding the idea which now has a competitor, recall Peter Thiel&#x27;s words, &quot;Aim to be the last in the space, and the first to do something different.&quot; Also, their emergence validates your vision.<p>Watch what these competitors do, let them run the experiments, and contribute what you see to make yours better, if you do it.