Comments on: CEO Andrew Mason is out at Groupon

By: Dagg

Dagg — Fri, 01 Mar 2013 20:47:55 +0000

Since 2006 almost no single Internet startup has made it. Something is wrong with this Internet startup ‘me-too’ frenzy. And also with criteria upon which VC’s choose where to invest in.

Maybe VC’s should use exactly opposite criteria for investing. This is not a good message to new startups, should they trust all those ‘in the know’ ot should they trust their visions only.

My personal opinion is that too many startups and VC’s are looking for the easy money. Enthusiasm and passion to make something useful are pretty low on their list.

By: Take Back Local

Take Back Local — Fri, 01 Mar 2013 00:52:01 +0000

Although Andrew Mason created a global company, his Groupon has expired. Living social was just foreshadowing for Groupon. Groupon is going to remain a large company, but not up to market expectations. They just push sales on people and don’t even bother to provide any content to build loyalty. At Deal Current Network, we are seeing local media companies test and innovate on the offer space. Also local media companies can throw in TV, Radio, Print. Groupon and Living Social just have emails and will die a slow death.

By: Michael Sinsheimer

Michael Sinsheimer — Thu, 28 Feb 2013 22:37:34 +0000

Good memo – inherently flawed business model with extremely high overhead that is tried to pass on to merchants in the form of high transaction fees that leads to churn and higher marketing investment which leads to profit squeeze. We saw this and created what we think is a win-win user driven commerce platform in beta at Flash Purchase.