[SambaSambaSamba]

It is still worth pointing out as it is a little shady, even if it isn't illegal.

In some ways it is similar to SlideBelt and how MissionBelt essentially stole their product. Except in that case I believe it was a family relation and not a professional relation.

In this case, we have businesses asking for money. What if the founders decide they like one of the bids? They could hide/remove the bid and then steal the business idea and use their connections, which the struggling business likely doesn't have, to steal the idea.

Would you really trust these people?

[valuearb]

It’s not shady at all to copy and compete with any business. That you would call them shady says more about you than them.

[SambaSambaSamba]

> That you would call them shady says more about you than them.

You may be right there. I was pretty miserable when I worked for SS and see most things from that period in a negative light. I don't mean to sound adversarial, but what would it be saying about me?

I think my issue here is that is feels more like a direct steal of a business idea and less like competition. I don't see any changes, differences, innovation, or rebranding.

It's a fine line, and everyone sees the line differently. For example, an outsider stealing a business idea is better in my mind. They could have very well been working on the same idea concurrently like Leibniz and Newton. They will also have a different perspective and take on the situation. When a previous employee steals an idea without improvement, it doesn't sit well with me.

I think I'd be fine with it even if they just shifted focus. As a direct improvement on SS they could say they are focusing on transparency and security, pushing users towards 2FA and secure practices while being open with some of the risks involved. They could focus on local small businesses within X km or maybe some new attempt to quantify risk and match investors to businesses based on risk profiles. They did none of that. They took the exact same "Main Street" motif and just changed the color. Competition is good, but cookie cutter companies like this with no innovation only hurt each other. And then when these companies fail, everyone that that pulled in to invest and the small businesses involved suffer.

[xwdv]

Even if it’s more than just a little shady, people are free to do as they please as long as it’s legal. The law is the law.

Not really sure what you propose they do about it?

[SambaSambaSamba]

I wasn't proposing anything. I still think it is worth shedding light on shady practices so people are at least aware.

Just because something is define in law does not make it right or wrong. All we can really do is inform people and let them decide for themselves.