Would it be lame or wrong to copy my friend's business idea?
December 28, 2010 9:14 AM Subscribe
I want to start a copycat business based on an old friend's new startup. Would this be totally lame?
posted by fairlysober to work & money (8 answers total)
Recently, an old friend of mine has just gotten a new business off the ground that looks really promising. I'm thinking of starting a similar one in a different city.
His business produces a craft product that is designed to appeal only to a local market. I live in a city quite far away from the one he is in, so there is no chance we would be competitors anytime soon.
I am certainly going to tell him about it first, but if he doesn't like it I'm not sure that would be enough to stop me from doing it. We used to be much closer friends in the past, but we've grown more distant from years of living far away from each other.
I'd also really like it if he would consult for me on getting the business off the ground. I would probably compensate him with a small equity stake.
How would you feel if a good friend of yours did something like this?