Earlier quoted context omitted.
Isn't that testament that their lawyer simply is not good?
Lawyers do not call the shots, clients do. So if a client wants to take a losing battle to court a typical lawyer will caution them but will not hand in their commission.
Otonomo, with nearly $55M in funding, is cloning our product
231–240 of 637 posts
Re: Otonomo, with nearly $55M in funding, is cloning our product
#232Earlier quoted context omitted.
I’ve been through a technical due diligence for an acquisition and the process was severely lacking. In total it took ~8 hours (compared to ~80 for financial diligence). It felt like a once-over smoke test to eek out any major red flags. I almost wish you had done my technical diligence, Jacques. I spent a week preparing for it and was very proud of what I’d built.
Ya, we got very close to closing with a VC in SV. Their technical due diligence consisted of one of their contacts from Google calling and asking me questions about our tech stack. It appeared that the Google dev derailed the deal because we were building our product in PHP. That's how they decided we must not know what we are talking about.
Re: Otonomo, with nearly $55M in funding, is cloning our product
#233Re: Otonomo, with nearly $55M in funding, is cloning our product
#234Earlier quoted context omitted.
> The Chinese You mean "Chinese companies". "The chinese" is just racist.
No he means "The Chinese". Not the people, the government. He was quite clear about that in the full quote . > The Chinese also do this. (As in, the government seems to encourage it outright.) Way to be outraged through your own selective reading.
Re: Otonomo, with nearly $55M in funding, is cloning our product
#235Earlier quoted context omitted.
Lawyers do not call the shots, clients do. So if a client wants to take a losing battle to court a typical lawyer will caution them but will not hand in their commission.
No client want to lose. Maybe they choose the wrong lawyer? Maybe they shouldn't just use 'typical' lawyer. Especially for difficult case.
https://webwereld.nl/overheid/10591-webcamsites-bevechten-el...
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Re: Otonomo, with nearly $55M in funding, is cloning our product
#236And to say that someone is cloning your startup when they only (supposedly) stole the documentation is extreme in any case, especially when they're not really a very new startup, so it's not like you can claim everything they did was just copy from you.
Re: Otonomo, with nearly $55M in funding, is cloning our product
#237That is pretty egregious, and its also par for the course. And that is why startup companies go through all the hoops of being "stealth" and having NDAs and what not. There was a German VC firm that was, as I recall, very upfront about this. Clone a successful US company before it got to the European market. On the one hand it is great to have validation of the idea, on the other its a pain to have someone with more…
This is pretty egregious, but in reality the only thing that was copied was the docs for the API, not the API itself. The other company still has the write all the backend code, and given their track record of just ripping stuff off, may not have the engineering chops to pull it off. In addition, as Smartcar continuously improves their product and API, the other company can only react to these changes. If I was the O…
You never know. When someone ripped off Parse we were able to deduce which version of our JS SDK was ripped off by which bugs weren’t fixed. We had a weird moral dilemma: we were upset at the copycat yet concerned that their users had security vulnerabilities unpatched.
[Edit: added quote to clarify to what I was responding]
Re: Otonomo, with nearly $55M in funding, is cloning our product
#238I was expecting another company copying the core business logic based off the title, but it looks like things related to redirect and auth are very (very) similar. Nearly every API is going to need solutions for these, and they all look very similar. I'd be surprised if the redirect and auth parts weren't at least in some way inspired by other APIs.
Re: Otonomo, with nearly $55M in funding, is cloning our product
#239I don't have any data to back it up but majority of Israeli startups have one goal: to be acquired (and are extremely good at marketing them to acquiring companies and investors). So continue your product and in a couple of years time, they would have been acquired and the product put on back burner by the acquiring company.
> I don't have any data to back it up but majority of Israeli startups have one goal: to be acquired... As someone that worked for one, and knows enough people that work in other Israeli startups, I can tell you it isn't true. True, some startups get acquired, but no more then any other place (the only difference I see is that in some tech areas Israeli talent is considered very good, so when looking for an acquisiti…
Re: Otonomo, with nearly $55M in funding, is cloning our product
#240Otherwise, if you published and they cloned, that's the way the game is played.