Russian investors (or at least Yuri Milner) appear to be doing extremely well.
Russian investors (or at least Yuri Milner) appear to be doing extremely well.
Yuri Milner - CEO and Managing Partner of DST (Digital Sky Technologies) is doing well because DST invests heavily outside of Russia, namely they are one of the largest institutional shareholders of Facebook.
Vkontakte = direct ripoff of facebook
What's the innovation?
Few countries, mostly asian, dare to sustain that. Rest of the world can not.
Innovation = new idea, new method, new product.
Sorry, your argument is bullshit.
I'm yet to see an example when a community proceeded with copying for an extensive period of time and didn't come up with innovations. Also I'm yet to see an example when a community didn't copy things already existing in the field. It's just not how it works.
E.g. Phonecian alphabet -> hebrew -> greek -> latin, cyrillic. Even hangul were drawing insights from both hieroglyphs and alphabets.
And, more often than not, "clone of X" means "tl; dr; but it looks like X". People seldom bother.