2 Months back, I had a really brilliant idea. And I'm sure every entrepreneur have their own virtual bucket they use to store all their potential ideas. You would then rank those ideas based on several factors, ie, complexity, revenue model, type of market, etc. And surely, the algorithm is unique to each owns, since everyone has different situation's and priorities. To make the long story short, this idea that I had, was ranked number one on my list of ideas to pursue. It has repeatability being said, alot, that an idea is nothing and its the execution that counts AND there is probably someone else out there who has the same idea OR is probably doing it right now.

Well that happens to be damn true. Yesterday, I read on Techcrunch about a startup that has been around since 2005 and is doing something very similar to my idea.

http://www.techcrunch.com/2008/07/14/trackvia-raises-series-a-for-point-and-click-databases/ Trackvia provides software as a service for transforming ordinary spreadsheets into versatile databases.

In short, my idea has something to do with spreadsheets and is to a certain extend, similar to Trackvia but I strongly believe that my model will appeal more to the target users. Of course my targeted users are closely similar to TrackVia's - Small and Medium Businesses.

So what should I do now? Keep on pursuing this idea of my knowing that there is another well-funded startup that has a 2 year head start ahead of me? Drop the idea, and think about the second on my list?