Yes. I have dozens of monitors setup. We have a lot of competitors, though I only really pay attention to the top two. But I don't mention any of what I learn to my co-founder (who does most of the core development), because I don't want our product to be driven too much by what competitors do. We have hundreds of customers ourselves...and they probably know what they want as well as anybody.
Anyway, it's easy to get side-tracked by outside stuff...so pay attention to your market, but not too much.
Anyway, it's easy to get side-tracked by outside stuff...so pay attention to your market, but not too much.