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>Another huge problem for us is that we are in talks with a very large Chinese IT company (triple-digit $Bn market cap), and if there is a clone growing in thei
by 6stringmerc 11y ago
>Another huge problem for us is that we are in talks with a very large Chinese IT company (triple-digit $Bn market cap), and if there is a clone growing in their backyard they might pass on us.
If what I've read about doing business in China holds a sliver of truth - both from stories linked here and elsewhere - it's not a chance they will pass on you but almost a given they will pass on you. I'm almost so suspicious of business practices in that market that I'd be willing to wager a small sum that maybe somebody in the very large Chinese IT company actually prompted another entity to get the clone up and running, or at least is aware of the situation.
If there's a way to take your idea and leave you nothing, I get the feeling that is exactly the path that will be taken. Unfortunately I can't help with direct advice to address, but I do wish you the best in your efforts to stamp out that terribly dishonest approach.
- bflesch 11y agoThanks for your assessment. I haven't thought about it from that angle. That's a bit upsetting as I am sure they have access to much larger resources than we do. The thing is that I don't know who the investor behind this business is. If I knew it is a smallish business angel then there would be no reason to worry. On the other hand if they are in Chinese YC we have a problem :|
- studentrob 11y agoIf you can find a way to innovate in a manner that isn't easily copyable I think you can win. Sorry if that isn't much help. The Chinese are experts at copying but it doesn't work for everything at any single point in time.