PackIt started with $11 used DM on 11M company
Jibbitz is a company founded by Rich and Sheri Schmelzer in 2005 to create decorative attachments for the holes in Crocs sandals. The company, based in Boulder, Colorado, was acquired by Crocs in December 2006 for $20 million.
You probably never heard of the three brothers:
“copycat” strategy of founding startups which replicate the business models of other established, successful companies
For the last seven years, Rocket Internet and its German founders, Marc, Oliver and Alexander Samwer, have made a living taking the billion-dollar ideas of successful American technology companies and cloning them abroad. From Zalando, the Zappos of Europe, to Lazada, the Amazon.com AMZN -1.47% of Indonesia, the Berlin-based startup incubator has had helped launch more than 75 different companies and is now exploring an initial public offering, according to sources.
