Chinese manufacturers taking Kickstarter ideas and selling them faster
by Mark Frauenfelder from on (#1YMW0)
Yekutiel Sherman invented a selfie stick that collapses into a smartphone case. He launched the project on Kickstater. Chinese manufacturers were selling it on Ali Express before Sherman's funding window closed.
From Quartz:
But one week after his product hit Kickstarter in December 2015, Sherman was shocked to see it for sale on AliExpress - Alibaba's English-language wholesale site. Vendors across China were selling identical smartphone case selfie-sticks, using the same design Sherman came up with himself. Some of them were selling for as low as $10 a piece, well below Sherman's expected retail price of 39 ($47.41). Amazingly, some of these vendors stole the name of Sherman's product-Stikbox:
