4 ms·
Rocket Internet were just the scumbags that ripped off every US based idea and tried to implement it in Germany. A few "me-too" businesses. Okay. There are ver
by jayalpha 8y ago
Rocket Internet were just the scumbags that ripped off every US based idea and tried to implement it in Germany. A few "me-too" businesses. Okay.
There are very few big ideas that investors in Germany would pour money into.
- yorwba 8y agoTheir big idea was to copy every idea in markets where the original company hadn't expanded yet. It might not be the greatest technical achievement, but it certainly paid off for them, demonstrating that execution is more important than being the first to have an idea.
- expertentipp 8y agoBy "execution" you mean a wasp nest of POs, PMs, MBAs, friends'-friends and lawyers standing over and yelling at engineers and developers imported from Eastern Europe and India?
- fulafel 8y agoVery few startups are based on a novel big idea. It's the execution that counts. Dropbox, Google, Amazon, Facebook.. none of those were novel ideas.
- zby 8y agoFacebook was not an original idea either.