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by ziszis
3307 days ago
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Groupon is a great counter to consider in terms of the product-market fit theory. Few companies have ever had the product-market that Groupon had "Groupon is so effective that Mason claims Groupon now has 35,000 companies clamoring to be on its roster. Only one in eight applicants makes the cut." [0] Instead a better model is to think about having a great product in a great market has phase 1. But if the company can't create a moat it still dies. "One problem with the Groupon model: Anyone can replicate it. More than 200 copycat sites have sprung up in the U.S., with another 500 overseas, including 100 in China."[0] [0] https://www.forbes.com/forbes/2010/0830/entrepreneurs-groupo... |
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