[c2]

This seems night and day to GroupOn's S-1. A solid sustainable business, plenty of cash on hand which is growing every quarter, and a clear path forward to continue their phenomenal growth.

There are plenty of risks of course, not the least of which is Facebook turning off the lights, but that is something that seems like it could be baked into the IPO price for a 1 billion dollar company with these financials.

Not saying I will invest in few months after the IPO, generally it takes time for investor hype to cool down and heat back up again (see LinkedIn, the only people who made any money so far were the investment banks) - but it might be a good post-IPO lull buy.

[fourspace]

The funniest part is that Zynga has made a solid business selling virtual goods, while Groupon has built a crap business selling the real thing.