I have spent a lot of time in Brazil, working on my startup
Colingo, about a month ago I was in Sao Paulo for
Dave McClure?s
Geeks on A Plane.?Brazil is a hot market with many firms like Accel and ?the famed
Sequoia capital ?searching for opportunities. Many of these investors are looking to fund ???copycat,? business that emulate successful American startups. Businesses like
Peixe Urbano (Groupon),
Elo7 ( Etsy),
Kekanto (Yelp), and
Shoes4You ?(Shoedazzle). Whenever I come back to the Valley, I often hear whining that clones are the work of unimaginative thieves -- not real innovators. Genuine innovation requires brand new ideas, and is typically the work of a Stanford dropout (or at least Harvard). This is bullshit.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/RvezYjGeUOw/
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