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Groupon Articles

Recent media stories on Groupon’s success (and flaws):

  • Groupon is “The Fastest Growing Company Ever” according to Forbes Magazine dated Aug. 30, 2010 (http://www.forbes.com/forbes/2010/0830/entrepreneurs-groupon-facebook-twitter-next-web-phenom.html):  The article says, “Unlike so many dot-com rockets, Groupon is a real business.  Occupying 85,000 square feet inside a rehabbed eight-story former Montgomery Ward warehouse in Chicago’s River North neighborhood, the company is on track to pass $500 million in revenue this year, according to a report Morgan Stanley put together to win some underwriting business.  No technology stalwart–including Ebay, Amazon.com, Yahoo, AOL, and Google–grew that big that fast.  At just 17 months old this April Groupon boasted a $1.35 billion valuation when it raised $135 million, the biggest chunk of it from Digital Sky Technologies, the curious Moscow investment fund behind Facebook and Zynga.  (Mason will not disclose his stake, which he says is less than 50%.)  The only company to reach a $1 billion valuation faster was YouTube (now part of Google), founded in 2005 and still waiting to turn its first profit.  Groupon broke into the black just seven months after inception.”

JC

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