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Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

steveblank.com

21–30 of 37 posts

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#21
Reminds me of this post from 37signals a while back. http://37signals.com/svn/posts/1561-why-you-shouldnt-copy-us...

The definate danger of simply copying an idea is not knowing the motivation, thought processes and discarded tangents that lead to that idea.

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#22
I discovered an unexpected benefit of being plagiarized: it makes imitators easy to find. A couple days ago I was curious how many YC clones there are now, so I tried to make an up to date list. The most fruitful source was to search in Google for distinctive phrases from our application form. Practically all of them copy that, and more often than not they leave chunks of verbatim text unchanged.

(I found 26. Some are still unlaunched.)

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#23
post #8

Ethics aside, if a company/startup can't be bothered to make new slides after stealing an idea, it will likely make similar inflexible "shortcuts" later on and fail miserably (as the article showed).

I think Bob Cringely had something that touched companies that got funding that way.

http://www.cringely.com/2009/12/three-simple-rules-for-steal...

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#24
post #8

Ethics aside, if a company/startup can't be bothered to make new slides after stealing an idea, it will likely make similar inflexible "shortcuts" later on and fail miserably (as the article showed).

That's what I keep thinking reading this. Slides? They stole ... slides? Not customer lists, or research notes, or software. Just slides? Come on. Is that really what passes for evidence of "hard work" on the marketing side of things. Is a good powerpoint really going to make or break a company?

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#25
post #20

"We made sure our competitor knew [a bunch of stuff]. We made sure they heard how shocked and upset we were that they were going to beat us to an announcement in our market." How do you do that? How do you ensure "they" know what you want them to know?

Industries are small and there are lots of people who will be talking with all the competitors -- be they trophy customers, analysts, journalists, investors, whatever.

But the shortest most-sure route in this case: both companies were talking with the same trade show organizers about scheduling at the upcoming event. Grumbling to the organizer that Blank wishes he'd picked (or paid more for) earlier scheduling would be the kind of juicy detail the organizer is certain to share with the competitor, to make the competitor feel better about their scheduling.

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#26

The competitor may have done them great good, too. I find pissed-off-ness can be a great motivator at times.

More than that: Their competitor provided a direct comparison for their product. Selling a unique product is difficult, the customer really has nothing to compare with. That comparison process, as behavioral economics teaches us, is vital to decision making.

The entrance of a lesser competitor undoubtedly benefited them greatly. Leaving that hard copy of his presentation may have been the best thing he could have possibly done for that business.

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#27
post #24
post #8

Ethics aside, if a company/startup can't be bothered to make new slides after stealing an idea, it will likely make similar inflexible "shortcuts" later on and fail miserably (as the article showed).

That's what I keep thinking reading this. Slides? They stole ... slides? Not customer lists, or research notes, or software. Just slides? Come on. Is that really what passes for evidence of "hard work" on the marketing side of things. Is a good powerpoint really going to make or break a company?

Professional looking slides can take a ridiculous amount of time to create and they add zero value outside of their intended presentation. Honestly, for an early stage start up the safest and best thing to steal is probably their slides. Stealing code creates long term problems, and if you have a customer list worth stealing then you are already a significant competitor.

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#28

I wish I had read this a year and a half ago. Before my current startup launched but after it'd gotten angel funding, someone learned about our business from an indiscreet angel investor. That someone then started a very similar business. Idea theft? Maybe. Did it make me angry? Definitely. Not only did I have the usual competitor irritation (these people are out to take food out of my hypothetical future children's…

"All that fussing ended up being a pointless waste of energy."

Well said, sir.

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#29
post #22

I discovered an unexpected benefit of being plagiarized: it makes imitators easy to find. A couple days ago I was curious how many YC clones there are now, so I tried to make an up to date list. The most fruitful source was to search in Google for distinctive phrases from our application form. Practically all of them copy that, and more often than not they leave chunks of verbatim text unchanged. (I found 26. Some ar…

Would you say that since no other program actually competes with yours - you get your pick of the best applicants - YC probably benefits the more clones there are?

Re: Someone Stole My Startup Idea – Part 2: They Raised Money With My Slides?

#30
post #27
post #24

Earlier quoted context omitted.

That's what I keep thinking reading this. Slides? They stole ... slides? Not customer lists, or research notes, or software. Just slides? Come on. Is that really what passes for evidence of "hard work" on the marketing side of things. Is a good powerpoint really going to make or break a company?

Professional looking slides can take a ridiculous amount of time to create and they add zero value outside of their intended presentation. Honestly, for an early stage start up the safest and best thing to steal is probably their slides. Stealing code creates long term problems, and if you have a customer list worth stealing then you are already a significant competitor.

He's addressing the fear of 'stealing my great idea!' and stealing slides and starting a company based on them certainly qualifies.
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