I have been busy the last few weeks in building my app. It has been going kind of slow. I thought I am in a niche and there are no real competitors.
Yesterday I went to a exhibition and there I saw to my shock a competitor who is building exact the same app as I do. He is much further then I am and will hit the market before me.
I spoke to my comeptitor and took as much information from him as I could. The market is large enough that there is room for more then one player.
My question is how should I continue?
I am still building my product and don't have anything like a landinpage etc. They have a team of 12 developers and I am on my own. I Have gone through a validation phase by talking to people.