I agree that you have to work on your great ideas for them to turn into their great financial equivalent. I don’t however believe that because someone launched before you that your idea isn’t worth shit. Your idea is still great. Market to a larger/more specific audience, innovate, run a campaign, try. Competition is healthy and without it we easily trick ourselves into believing we are perfect or have all the answers.

As you can see,

But you do have the product!