After Snubbing Google, Groupon Raises Nearly $1 Billion in Venture Funding

On January 13th, 2011, wrote:

It looks like snubbing the world’s number one search engine was the right move after all. Just a little over a month after rejecting Google’s $5.3 billion offer, daily deals website – and one of today’s fastest growing companies – Groupon has raised $950 million in one of the largest venture funding rounds of all time. The financing came from a long list of venture capital firms and investors, including Andreessen Horowitz, Greylock Partners, Accel Partners, Battery Ventures, DST, Kleiner Perkins Caulfield & Byers, Silver Lake, Maverick Capital, Technology Crossover Ventures, Mail.Ru Group, and New Enterprise Associates. “We’re thrilled that Groupon has earned the confidence of some of the world’s most respected investment firms,” said Andrew Mason, founder and CEO of Groupon. “With their support, we will continue on our mission to change the way people shop locally and serve the world’s local businesses.” Added Greylock Partners venture capitalists Reid Hoffman and James Slayet in a TechCrunch guest blog post: “We – Read the full article

This Week in Online Marketing: Google Groupon Deal, Diaspora

On December 1st, 2010, wrote:

Google-Groupon Deal? Search giant Google is reported to be offering as much as $6 billion for leading e-Commerce coupon site, Groupon. According to a number of media sources, the deal’s initial payment will be worth about $5.3 billion, with the remaining $700 million to be used as an incentive for keeping Groupon’s employees. The deal, if it happens, is going to be Google’s largest acquisition yet, much bigger than its successful $3.1 billion bid for DoubleClick and the $1.65 billion price tag of the company’s YouTube deal. Launched in November 2008 and headquartered in Chicago, Illinois, Groupon is a social shopping network that delivers daily deals to users in cities across the U.S., Canada, and Europe. While the price of the rumoured acquisition seems high – Groupon only has an estimated $600 million in revenue – industry observers say that the coupon site is the clear leader in a rapidly growing new category on the Internet. Its overwhelming success in – Read the full article

Top 9 Reasons Why You Should Use Coupons

On August 12th, 2010, wrote:

Coupons still work. Consumers may not find them as often as they used to in the Sunday paper or in magazine inserts, but this doesn’t mean that coupons are no longer popular or effective – because they still are. Just do a quick check on the Web and immediately you’ll find tens of thousands of online coupon sites – like RetailMeNot and CouponSaver – offering discounts, special deals, free shipping offers, and other similar privileges to consumers. If, as a small business owner, online retailer, merchant, or Internet marketer, you still haven’t tried using coupons as an online sales tool, then you might want to start doing so – especially at a time when the world is still trying to recover from the financial crisis. According to recent studies, over 76 percent of the shopping population use coupons, which continue to gain such popularity that the number of people searching for them on the Web has grown to thrice as – Read the full article