Ask HN: Someone has stolen my startup - what can I do?
Hello,
I asked an acquaintance to be a co-founder for my startup that was in alpha. After 6 months it was plain to see that he was having a negative influence and the product was going nowhere (in fact backwards). At this point I asked him to leave the startup after we failed to see eye-to-eye on a major issue.
Fast forward 12 months and I have found out that he has copied my idea and made his own version of the startup (which was all my original idea).
Is there anything I can do? I only just saw his site and I feel sick to the stomach.
Cheers
17 comments
[ 0.19 ms ] story [ 50.8 ms ] threadThe sick feeling will pass. What you have is time. Time is an amazing thing. Forgiveness is a weapon.
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if you get time, watch this movie :
http://www.imdb.com/title/tt1054588/
Your biggest problem is still finding product/market fit. It's very possible that you both are still building a product will eventually fail. Or at least in it's current form.
Focus on getting your traction/revenue. Once you're raking in the cash, you can determine whether its worthwhile to go after your old co-founder.
Look in the broader landscape there are so many ideas who are the same at their core. But only the user makes the decision who will be successful and who is not, try to deliver the best experience.
I got over this "we have to find some unique idea to start a business and we wont if someone is already in it".
Whip it off and go out and build a better product/service than your ex-co-founder their is enough room in every market.
If you're passionate enough about your idea, you'll find ways to win. Besides, no startup can succeed without competition, so in some ways, he's actually helping you to create or grow this market. Also, he cannot support all of his customers by himself so there will be other customers out there where you could serve.
Next step is to go through your logged or memorised history with the cofounder. How do they treat people? What's their style? etc. Look for their strengths and weaknesses.
Now, if you believe that you have a better direction after all this, then you'll know competition much better than most people. eg Microsoft doesn't understand due to the paranoid nature of Google's NDAs for example.
Sorry, but your idea is one direction and pretty useless on its own. There's many ways to evolve your idea though. Investors especially love executors.
It could be worse. I applied to a well an incubator/investor type program and made it to the final screen...only to find out several months later, the program founders launched a very similar idea with a very similar customer acquisition strategy, involving the same company we were in talks to partner with. I'm not explicitly saying the idea was stolen from us, but common courtesy would be to not pick our brain and let us know about the conflict up front. Needless to say, we weren't selected.
Needless to say, our strategy back then was a loser. Today, our products have more similarities than differences, but we've diverged enough b/c we've both had to pivot and were drawn in different directions.
Just rock what you have out of the park. Most ideas aren't right out of the gate.