Groupon

Groupon (a portmanteau derived from "group coupon") is a deal-of-the-day website that features discounted gift certificates usable at local or national companies. Groupon was launched in November 2008, and the first market for Groupon was Chicago, followed soon thereafter by Boston, New York City, and Toronto. By October 2010 Groupon served more than 150 markets in North America and 100 markets in Europe, Asia and South America and had 35 million registered users.The idea for Groupon was created by now-ousted CEO and Pittsburgh native Andrew Mason. The idea subsequently gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in "seed money" to develop the idea.
Posts about Groupon
  • Street Culture: Taking Estimote’s ‘No Barriers’ Culture Literally

    … here forever and we’ve had this vision, so who knows better the culture than we? But from the other hand, the culture is actually something you cannot define, because it’s the people who create it.” Right now, Estimote has defined a cultural framework, a starting point for employees to use when learning the “soul” of Estimote. Cieslik-Bridgen says…

    Street Fight- 24 readers -
  • The In-Between Stage for Startups: Visions of Growth and the Value of Pivots

    … Though SEO software company Moz is more than a decade into its business evolution, CEO Sarah Bird says there is no in-between stage for her company. “As Moz has grown, I still feel that I’m in the very early stages,” Bird says. “You never arrive. There’s no ‘Yay, we did it, we’re done.’ I’m not in between anything. I’m still on the cusp…

    Street Fight- 22 readers -
  • Street Fight Daily: Groupon Acquires LivingSocial, Businesses Use Ride-Sharing to Create Revenue

    … and intelligent activation and not ad-hoc testing. So in this always-on mobile real-time era, is there still a place for Shopper Marketing? Why Gannett’s Plan to Buy Tronc Still Makes Sense (Poynter) With Gannett’s third quarter earnings due Thursday, there is at least a chance that its six-month bidding drama to take over Tronc will finally be resolved. The deal still makes all kinds of sense, especially for Tronc shareholders. Get Street Fight Daily in your inbox! Subscribe to our newsletter. …

    Street Fightin Google- 16 readers -
  • FiveStars Digs Deeper Into Customer Data to Get Beyond ‘Loyalty’

    … of the daily deals boom. How did that dynamic affect the way loyalty companies developed, and how they’re perceived in the market today? When we were starting FiveStars five years ago, Groupon was really blowing up, and everyone was talking about daily deals. I was employed by the consulting firm McKinsey at the time, and in my role there I helped a lot…

    Street Fight- 23 readers -
  • 5 Platforms to Quickly Sell Overstocked Items

    … of overstock the business has available. When customers claim merchants’ offers, Facebook can share that information with their friends as a story in their news feeds, which expands merchants’ networks and gets more people talking about the discounts being promoted. Businesses can create offers for free. 3. Groupon: Professional marketing…

    Stephanie Miles/ Street Fightin Facebook- 9 readers -
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