Hundreds of Start-Ups Hope to Be a Copycat Start-Up

DECEMBER 7, 2013, 9:00 AM

Hundreds of Start-Ups Hope to Be a Copycat Start-Up

By NICK BILTON

Silicon Valley start-ups can be astoundingly unoriginal. So many start-ups are tiny, fractional variations on something that already exists. Look no further than the types of companies that are trying to raise funding from venture capitalists here. Under one rock there is the daily darkness of news releases that try to cram their way into the inboxes of reporters and bloggers. But if you’re not lucky enough to receive those constant pitches, you can look at some of the companies that are seeking investment on entrepreneurial and venture capital websites.On Angel List, a network for investors and entrepreneurs, the proof of this is visible in aggregate. Search this site for “Uber for,” “Uber meets,” or “Uber of,” and you will be met with hundreds of start-ups that are pitching themselves as a slight variation on Uber, the fast-growing, taxi-like service.

There’s Handybook, which says it is Uber for household services — people that will clean your house on demand. Or Swifto, a start-up that is a GPS-tracked Uber for dog walking.

What about Medicast, which is an Uber of health care, where the app says doctors come to you, anytime, anywhere. There’s Stylebeat, the Uber for beauty salon services. And even LawPal, which is an Uber for start-ups that need a lawyer.

Of course Uber is just one of many services that are being photocopied with a slightly different tint.

Try the same search terms with “Airbnb for,” where people copy the concept of Airbnb, the site for short-term home and apartment stays.

Gigit, is the “Airbnb for bands” where you can get a band, or solo musician, on demand. Maybe you’re in need of a quick meeting room for a highly important discussion, then you could try eVenues which is Airbnb for renting meeting spaces. CaterCow is an Airbnb for catering, where you can order a caterer online. (There are also a number of Ubers for catering, too.) Trave.ly is the “Airbnb for international travel experiences” — whatever that means. Love Lab is, wait for it, Airbnb for dating. (Bring me a date, quickly!)

There are thousands of start-ups on these sites and in press releases, most with some level of funding, that are variations on Uber, Twitter, Facebook, Vine, Tinder, Snapchat, Craigslist, Airbnb, Pinterest and a “for” for any other half-successful start-up out there.

Sometimes you even get concoctions of start-ups that are a replica of more than one successful business, like HouseFix, which is both an Airbnb and a Pinterest of home improvement rolled into one. Some of these brews are just bizarre, like someone mixing a dessert and a main course in a blender and serving it as a smoothie. Like Goat, which is “Vine and Reddit for skateboarding and real world advertising.”

Of course many of these sites will die on the vine — pun intended — but, until then, we’ll have to contend with the continued unoriginality of Silicon Valley.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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