Tom Allason, founder of Shutl speaks out and reveal how the Startup cloning is more common that what people think. Popular pages like Amazon, Fab and Groupon have been cloned by the Samwer brother.
Mr. Allason said, “I don’t think they really do damage our business at the moment. If anything it is a badge of honor that we have been cloned… validation that we are doing something right. If they do not execute well then I suppose they could prejudice us with potential investors however we are unlikely to be talking to the same people.”
In the Silicon Valley, investors have been very successful for almost a century. Sites like Netscape, Apple, Amazon, Ebay, Paypal, Google and many other have been successfully created and billions of dollars have been invested.