Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

A new startup lifting elements of competing businesses is far from unusual in today’s venture world, but sometimes competing founders don’t find the imitation all that flattering. Andy Bromberg, CEO of the a16z-backed startup Eco, is claiming that Pebble, another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. […]

May 24, 2022 - 05:30

Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

A new startup lifting elements of competing businesses is far from unusual in today’s venture world, but sometimes competing founders don’t find the imitation all that flattering.

Andy Bromberg, CEO of the a16z-backed startup Eco, is claiming that Pebble, another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. Bromberg posted a Twitter thread this afternoon saying Pebble engaged in “copy-and-pasting, immaturity, lying, and espionage.” In the thread, Bromberg detailed the background behind his claims, and he also spoke to TechCrunch about the allegations.

Copycats are usually subtle. But Eco has one that isn’t.

Imagine a company spent all day copy-and-pasting *everything*…

…while raising from investors like Y Combinator and Eniac Ventures (who I bet have no idea)

Well, we tracked it all. I’ve never seen anything like it Read More

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Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

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