Learn How Groupon Works!

Angana Jacob · IIM Ahmedabad
Cute video...but what do they need $400,000 for?
4 · · Thursday at 7:35am

Jason Torres
It's a great idea but it's not a business. What's to prevent the actual couponing companies from doing it themselves? They're not charging anything for it - you could monetize it by charging 3 or 4 bucks for it and having them mail the vouchers out themselves, but that doesn't seem to be the strategy. The only real exit strategy is to a) offer it as a branded service to the actual coupon companies or b) sell it to one of them. And there's still nothing preventing the others from doing it themselves. Looks like a good example of VC overfunding.
2 · · Thursday at 1:15pm

Andrew Bachman · Babson College
Its a unique tool that is designed to drive traffic we can back out through our deal aggregation service. This Press was really important for us, because we recognize the easy abilty for the big guys to knock it off, but wanted to say "hey, we thought of it first" :)
2 · · Thursday at 4:35pm

Jason Torres
Thanks for the reply, Andrew. Interesting angle.
· Yesterday at 12:46am

Tim Sykes · CEO at Millionaire Media
2nd Thanksgiving Day TechCrunch article about one of my companies the past 3 years, this is a great idea and a great team, glad to be a part of it, I'm VERY thankful all the opportunity the internet provides, innovation is just getting started!
1 · · Thursday at 6:25am

Andrew Bachman · Babson College
@Nick Perisco, Thanks for the feedback, we have 100's of skins to choose from, including 80's diners, machanic shoppes, race tracks scenes, etc...
· Thursday at 6:53am

Nick Persico · CTO at Landmarks Marketing, Inc.
Great idea, but I see the businesses getting confused when the person goes to redeem the voucher. They will all look different.
· Thursday at 6:34am

Manuel Velez Arango · Concordia University
Alex Vander Hoeven, nice!
· Thursday at 12:25pm

Daniel Abichandani · UWO
Mazel tov. Bullish on this idea.
· Thursday at 8:07pm

Rafael Kireyev
Smart idea!
· 6 hours ago

Manpreet Singh · Works at Profit Investment Management
congrats!
· Thursday at 9:27am