Inside Rocket Internet’s troubled start-up factory
An in-depth examination of Rocket Internet's operations reveals an incubator that's much better at starting new companies than running them
London/Berlin/Frankfurt: In November 2015, Oliver Samwer had a new investment to pitch. The charismatic founder of Rocket Internet, a Berlin-based incubator famous for churning out copycat start-ups based on successful US tech companies, was touting his latest baby, a kind of Airbnb for college undergrads called Nestpick. Samwer’s team invited Luxembourg venture firm Mangrove Capital Partners to co-invest and extolled Nestpick’s growth potential and the power of Rocket’s globe-girdling start-up machine.