CEO of Eco alleges that YC-backed Pebble copied its business model, materials
techcrunch.com
techcrunch.com
Sounds like the rest of their problems are moot then
NGL for the most recent YC class of 'notneobanks!'
Back in the days those who were copied at least did wait to see if the project became successful before piling in.
Honestly, If Bromberg's being 100% about this, it's bizarre. Most engineers I know have so many ideas of their own that aping someone else's whole company without any creative interpretation would feel really miserable. What's their endgame, hire the Eco team and have them continue to generate original ideas?
And he did wait until it came out of stealth, even though he noticed their "information gathering" and saw their deck early.
Raising money is not a milestone in the history of a company, people get confused but it's not unlike getting a loan from a bank, they are essentially still nothing.