That is the rallying cry for hundreds of start-up companies imitating Groupon, the group-buying Web site that offers daily deals on knitting supplies, skydiving lessons, barbecued ribs, pole-dancing classes and a smorgasbord of other stuff you may (or may not) want.
Groupon’s competitors have been called groupies, copycats and clones. But who can blame them? In just over two years, Groupon has accumulated 60 million subscribers, more than $1 billion in venture capital and $760 million in annual revenue to become the fastest-growing Web company ever. In December, it declined a $6 billion buyout offer from Google.
By JESSICA BRUDER
Published: March 9, 2011
Read more:
No comments:
Post a Comment