Me & my co-founder started working on an idea 4 months back we are 50% into it. And two days back I stumbled across a post about another startup/product which had a same product(approximately it is a 90% overlap). This previous start-up ran for around 2-3 years, and was eventually bought by Google for rumored 10+ mil $. Google had shutdown the product(tech pundits commented that it was basically acqui-hired), Also founders have a patent about how they technically implemented the idea. The product was widely used and had an install base of 100+ mil.
Me & my co-founder are not co located, and are working. This weekend I am travelling to meet him and decide the future course. Thought of getting some advice from HN community first. Please advice if you would continue with development, or start looking for another problem to be solved(Idea).
Only do it if you very 1. objectively feel the problem is not solved well today 2. very much want to solve the problem.<p>Those are always the first two prerequisites.