Sometimes copying people is the fastest way to $8.2 Billion
Screw being original
Here is the story of 3 brothers, who are some of the best copycats the world has ever seen
A lesson in growth
> A thread <
Screw being original
Here is the story of 3 brothers, who are some of the best copycats the world has ever seen
A lesson in growth
> A thread <
3 brothers
Marc, Oliver and Alexander Samwer
Founded a startup studio in Germany
Called Rocket Internet
Marc, Oliver and Alexander Samwer
Founded a startup studio in Germany
Called Rocket Internet
Their plan was to make copycat brands in new markets
They didn't try to reinvent the wheel, they looked for things that worked, then figured out how to replicate them in new markets
In incredibly profitable ways
They didn't try to reinvent the wheel, they looked for things that worked, then figured out how to replicate them in new markets
In incredibly profitable ways
Their startup studio quickly grew to 26,000 employees and IPO'd for roughly $8 billion dollars
They quickly copied brands, grew them massively, then sold them.
Many of their ventures failed, but some of the bigger ones, we undeniable successes
They quickly copied brands, grew them massively, then sold them.
Many of their ventures failed, but some of the bigger ones, we undeniable successes
The boys looked at eBay and saw an amazing opportunity to bring the auction platform to a new market
Germany
They quickly created a clone called Alando and got it live to the people of Germany
Germany
They quickly created a clone called Alando and got it live to the people of Germany
The site took off and after only 100 days
The 3 brothers convinced Ebay to buy the website from them
For $38 Million dollars
But there were more examples
The 3 brothers convinced Ebay to buy the website from them
For $38 Million dollars
But there were more examples
In 2010 they saw another opportunity with group buying sites, Groupon had become massive
They launched CityDeals in 2010 and sold it to Groupon
For the hefty fee $170 million dollars
Just five months after starting the company
They launched CityDeals in 2010 and sold it to Groupon
For the hefty fee $170 million dollars
Just five months after starting the company
Their company has become one of the giants in the digital business world
Despite recently having some problems
Nobody can deny the success the brothers have had
Despite recently having some problems
Nobody can deny the success the brothers have had
Everyone says being a copycat is bad
But sometimes, if you copy the right cat? Things can be very good for you
But sometimes, if you copy the right cat? Things can be very good for you