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I heard the model was to actually sell the European copy to the original US startup as it got bigger. It was never in their interest to end up operating an actu
by albertshin 8y ago
I heard the model was to actually sell the European copy to the original US startup as it got bigger. It was never in their interest to end up operating an actual company. This backfired on them for one of their "investments" (I think an Airbnb clone?) when the US counterpart decided to go head and head against the Rocket's copy in Europe instead of simply acquiring.
- albertshin 8y agoI believe this was Wimdu. Seems like they finally ended up shutting down last year. https://techcrunch.com/2018/09/27/wimdu-rocket-internets-airbnb-clone-to-shut-down-this-year-facing-significant-business-challenges/ https://techcrunch.com/2018/09/27/wimdu-rocket-internets-air...