Should I consider this a ''fail''?

[Podie45]

My partners and I thought of an idea, after brainstorming for hours, which we thought would be life-changing and we thought there wasn't any competition at all. On top of that, it did align with our interests/passion & we wouldn't have been unhappy creating that business at all.

We spent days thinking of the perfect name, designing the perfect minimalist/professional logo, making a professional HD song for the company (I even bought a Synth) & talking with someone who works in marketing about strategies (he even told us our idea was innovative). We had even planned an advertising budget & found the perfect places to advertise.

And today, I was talking about it with someone and it turns out it has been done thousands of times and we didn't know.

I guess we did make some progress and learned things that will be helpful in the future, but I can't help but feel like we can't go through with it and it's a fail.

Edited March 26, 2021 by Podie45
I had to add more information & correct mistake

[integral]

hahah, oldest trick in the book. Learn from the millions of people who have walked this path before you, every mistake and trap has been made millions of times, learn from them, learn from other people mistakes so you dont have to. 

Doing research on the domain space, competition and stealing ideas is the first chapter of any entrepreneurship book. 

Google startup mistakes to avoid. 

Edited March 27, 2021 by integral

[meow_meow]

muahah, happens a lot.
I'd go for it anyway even if there are others already doing it, but try to make it better if you're really in to it, add/change something about it that others don't have/do.
It would suck a lot more, like it was for me, when the project is innovative but it just doesn't go, no one really uses it and the project eventually dies.