Groupon has filed for a $750 M
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500 trillion minimum
Signs of the apocarypse.
They only have about 150 competitors. Seriously, even Open Table has a more defensible position.
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LINKED IN pt 2. Can it be hconsidered a “bubble” if they all IPO at 500x earnings to begin with?
Just what we need – even more marketing cash in Groupon’s hands. They can put 5 ads on every blog page instead of the current 2. Happy times for bloggers.
The question is, what is Groupon planning to do with the warchest? The current business model seems pretty limited to me. They can scale up the numbers of users, but how does that help their customers? A business that would be pleased to have 200 people spring for a deal probably isn’t going to want 2000 people signing on.
History says I’m wrong about the staying power of the Groupon model, though. The first time I saw Home Shopping Network on TV, I figured it would disappear for good in a few months.
If you are too young to remember HSN or QVC, ask your parents.
They are still around. But remember, QVC has a defensible business plan– in that there only so many channels upon which one can sell schit. It’s like having a broadcast license — they are limited.
What is limiting about offering discounts for crapola services on the internets? Given the amount of copycats already extant, I’d say… “not much.”
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