The key to building a valuable tech company is identifying and solving a problem that customers are willing to pay for. If you’re able to find product/market fit and customers are willing purchase your solution, other competitors will rush to take a piece of the pie. While many entrepreneurs may view the challenge from competitors as a setback, you should see them as validation. In the tech industry, companies compete and partner at the same time, all the time. As tech consolidation continues and as companies expand their services, co-opetition is only going to increase, so instead of seeing your competitors as a potential setback — see them as an opportunity.