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I am planning for my own startup and I am kind of skeptical towards hosting and cloud.

I always wonder what if my app becomes popular and valuable.

The server owner will have access to my database and at least the binary of my app. I am exposed to a risk that the owner have a copy of my asset.

+1  A: 

Pick a reputable vendor for your host and cloud.

I'm personally not a fan of cloud computing. You give up too much control and unless you're paying a lot of money you have no control over downtime, etc.

If you're still worried about security you can get your own boxes and put them in a co-location facility, but then you have to worry about administration / security yourself.

Glen