Innovation vs. Shanzhai Culture, asks “Is speed or integrity the sustainable competitive advantage?”
From Technode on Pressy:
Chinese web developers were notorious for making pixel-to-pixel copies of western Internet products. Now with crowdfunding platforms, copycats can get funding and early users even before they can make a product. For ideas that were first exposed to the public like Pressy, one terrible thing could be the late comers who adopt their ideas ship products, good or not, even earlier than them. So far Pressy don’t think those counterfeits have had real products ready. Crowdfunding ecosystem doesn’t seem like a place that copycats can get away with. Backers are so important to the ecosystem. It’ll be interesting to see the reactions of backers whenever they find out the idea they back with money and love is actually stolen from elsewhere. Greedy venture capital may don’t care to invest in a mere copy, but backers of ideas on platforms like Kickstarter are not only for certain products or returns. The Chinese backer of Pressy said he’d ask for refund right away if the product turns out to be a counterfeit.