Counter punch: Irked entrepreneur hits back at rival
Art Law

Counter punch: Irked entrepreneur hits back at rival

Kyle Taylor, founder and CEO of The Penny Hoarder, is fighting back against what he says are unfair business practices on the part of a larger competitor. The Penny Hoarder’s experience in dealing with aggressive moves by a larger competitor shows how businesses can never let their guard down. Now a legal showdown looms. Years of high-profile innovation and rapid growth have put a target on the back of The Penny Hoarder, a St. Petersburg-based personal finance advice website. The company originated as a blog, written by founder Kyle Taylor, that detailed how he overcame crushing student loan and credit card debt. In less than a decade from that start, it grew into a $37 million enterprise with more than 80 employees — and a swanky office in the Tampa Bay Times building in downtown St. Petersburg. “If it appears that someone is stealing your work, then you have no choice but to defend yourself if you have the resources to do so.” Jeffrey Lieser, attorney for The Penny Hoarder Recently, with that target in the forefront, Taylor headed to court to protect the firm’s intellectual property. He filed a multimillion-dollar copyright infringement lawsuit in May against a larger […]

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