ocket Internet is one of the most hated yet successful tech companies in the world. Part startup factory, part venture capital firm, the business strategy is to fund clones of Silicon Valley startups then grow them at lightning speed in European, South American, and Asian markets. Once Rocket Internet dominates a market, they sell the startup to the company they cloned it from.
Founded by in 2007 by three German brothers – Marc, Oliver and Alexander Samwer – their portfolio companies employ more than 30,000 people. They have a market cap north of $3 billion, which at times has risen above $6 billion. —Rocket Internet: What It’s Like to Work at a Startup Clone Factory