I have been working on my startup since August, and released our app (Gruburg) in November. The day after it got released, Google HotPot was announced. Since what I made was basically the same as Google's new product, my spirits were destroyed.

Fast forward to today. At this point I am on the third version of the app, with social features and other things. I am even giving people money to use the app! Nothing, stuck with just organic(read: slow) growth. Foursquare releases their update today and its 1:1 with my app features. Why would anyone download another geolocation app, if they already have one that friends use?

Spirits destroyed, I am thinking of killing Gruburg. Being first (or having grand ideas) means nothing to me now, regardless of execution.