Comments on: Has this happened to you or another founder? Someone invests in your company to gather information which they use to help a competitor launch a competing product? https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/ A place for startups to share stories and ask questions anonymously Mon, 30 Oct 2023 16:52:11 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: disana jas https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/48761 Mon, 30 Oct 2023 16:52:11 +0000 https://startupsanonymous.com/?p=634#comment-48761 … [Trackback]

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]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/2041 Mon, 14 Apr 2014 10:26:58 +0000 https://startupsanonymous.com/?p=634#comment-2041 In reply to Anonymous.

The whole sharing economy startup scene is a scam. Using googles tried and true don’t be evil speak but targeting regulation instead of Microsoft. I can’t stand those mofos.

]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/1983 Fri, 11 Apr 2014 04:35:46 +0000 https://startupsanonymous.com/?p=634#comment-1983 In reply to Anonymous.

Yes. I think their culture of corruption starts at the top with the CEO. He’s a douchebag. He denies any customer accusations of misbehavior on the part of Uber drivers.

]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/1981 Fri, 11 Apr 2014 03:52:23 +0000 https://startupsanonymous.com/?p=634#comment-1981 UBER is a bunch of crooks from top to bottom. If anything sneaky or underhanded can be done, UBER will be the first to do it.

]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/1976 Thu, 10 Apr 2014 22:58:33 +0000 https://startupsanonymous.com/?p=634#comment-1976 In reply to Anonymous.

Says right in the article. The founder of Postmates thought that if his company and Uber shared the same investors that they were unlikely to launch a competing business.

So, he saw it as a defense mechanism, but really all it did was lull him into a false sense of security.

]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/1971 Thu, 10 Apr 2014 20:26:00 +0000 https://startupsanonymous.com/?p=634#comment-1971 In reply to Anonymous.

In that case, why wasn’t Postmates more selective in choosing their investors? Ie, don’t accept $$ from a guy already invested in your potential rival.

]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/1968 Thu, 10 Apr 2014 19:34:50 +0000 https://startupsanonymous.com/?p=634#comment-1968 In reply to Anonymous.

Not really. Individual investors don’t tend to contribute much in funding rounds; usually in the range of $50,000-$200,000, and the round was I believe $6 million. So, it’s chump change compared to the value of his shares in Uber, which will grow if they can expand their business by launching a competing service to Postmates.

By the way, I’m the OP.

]]> By: Anonymous https://startupsanonymous.com/question/happened-another-founder-someone-invests-company-gather-information-use-help-competitor-launch-competing-product/#comments/1966 Thu, 10 Apr 2014 18:32:18 +0000 https://startupsanonymous.com/?p=634#comment-1966 what does any one expect from uber who in the livery for hire sector simply cannot nor will not #playbytherules ? I mean really folks.

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