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by antr 4981 days ago
Success? GroupOn isn't profitable, it hasn't even returned via income the equity invested + accumulated losses. Anyone can hire tonnes of people, pay them, provide a service/product, and still deliver negative equity returns. Anyone.
2 comments
danso 4981 days ago
...But not Bill Nguyen (at least with Color).

I probably gave more than $200 to Groupon during the time that I found it useful. I checked into Color over a period of weeks and never stayed on for more than a minute.

So while both are money-losing ventures, I think Groupon should still be ranked higher than Color.

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hkmurakami 4981 days ago
>Anyone can hire tonnes of people, pay them, provide a service/product, and still deliver negative equity returns. Anyone.

Well I don't think anyone can successfully pitch investors and take millions of dollars of their hard earned (sometimes) money, but agreed on the other points.

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antr 4981 days ago
who is talking about raising capital? is raising equity capital a measure of a success? i'd say the contrary. equity is the most expensive source of financing. i've raised equity, and trust me, it's a mixed feeling.
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