“Think of Rocket as a sort of Kinko’s for Web start-ups—that is, if Kinko’s were staffed by hyperaggressive German bankers and flush with hundreds of millions of dollars in investment capital from Russian oligarchs, Swedish billionaires, and Arab sovereign wealth funds. If you can think of a hot American start-up, odds are Samwer and his two brothers have cloned it somewhere around the world. They sold their group buying site, CityDeal, to Groupon for a stake that is now worth $700 million; their Zappos clone, Zalando, has 3,000 employees and revenue that is thought to be well in excess of $1 billion.”
Related posts:
Crowd packs heat; Oak Harbor, WA backs down
The Food-Truck Business Stinks
Kerry renews $1.3 billion aid package for Egypt
The Inevitable Decline of Retail
Philadelphia applies retroactive lap dance tax at gentlemen's clubs
Is The IRS Really Driving Americans To Renounce Citizenship?
Venture Capital Investment Close to Dot-Com Era
Cypriot president 'warned his friends to move money abroad' before financial crisis hit
Neighborhood secession creeps into Scarborough property tax dispute
Al Franken's Privacy Concerns About Faceprints
Congress awards POW medals to US aviators interned in Switzerland
Georgia prepares to execute mentally disabled prisoner under secrecy law
Taiwanese billionaire launches Asian ‘Nobel prize’
Massachusetts cops reinstated with back pay after testing positive for cocaine
Blood, spit and cops: Nationwide drug roadblocks raise eyebrows