“We thought our biggest hurdle was going to be how we’re different from a flatiron, but it’s not,” says Smith. “Our biggest challenge is proving that we’re a legitimate company.”
Imagine being down in life, then creating your own company with an innovative product and end up having to say something like the above words. That's the problem entrepreneurs are facing due to counterfeit products (largely originating from China) Shenzhen is actually a big offender in trampling on Intellectual Property rights. Here are few companies involved in this: Shenzhen Kaixuan Lighting Co Ltd., Shenzhen E City International Trading Limited, Shenzhen Skytech Development Co. Ltd, Shenzhen Ecity Technology Co
The penalty for making fake products and exposing people to potentially harmful material and ruining brand reputation while profiting off other peoples innovative work is miner compared to what you get for smuggling drugs. Both sectors smuggle in over billion $$$ worth goods to USA alone. If you want to make money while keeping it safe, fake products will become the way to go. This is truly a sad state to the world and all the innovators of our time.
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