The Samware brothers built a $1.2 billion fortune each by cloning American internet companies in Europe. They launched Alando, a German eBay copy, and sold it to eBay after 100 days for $53 million. They repeated the playbook with Zalando, Wimdu, and Citadeal.
Questions this video answers
Mark, Oliver, Alexander.
1999.
$53 million.
100 days.
$1.2 billion each.
Chapters
These three brothers made billions copying ideas and never went to jail. Meet the Samware brothers. Mark, Oliver, Alexander. In 99, they had an idea, saw how successful eBay was in the US and just thought they'd bring it to Germany. So they did. They launched Alondo, and 100 days later, they had sold it to eBay for $53 million. This became their blueprint. The strategy was simple. Spot successful US Companies, replicate them quickly in Europe, sell them back to the original company, or go public. They went on to clone Zappos, so they became Zalando, Airbnb, which became Wimdo, Groupon became Citadeal, and dozens more. Today, they're each worth $1.2 billion. I guess you could say being called a copycat isn't so bad when you make that much money.