With all the implied hate against groupon, it's still a billion dollar company.
Almost any markrtplace start up can be cloned locally. But even more importantly, even before lyft and groupon existed there were small local shops executing on a similar idea. But it took Groupon to acheive scale.
What's next? You'll begin deriding McDonalds because all it is is a burger shop that anyone can start?
Scaling shit from $100,000 biz to 100mil revenue is hard as fuck. Exhibit A: all the groupon competitors that no longer exist.
Might want to think twice before cloning with the goal of an acquisition by the cloned. I remember you could throw a rock a couple of years ago and hit a dozen Groupon clones. I'd be curious to know any stats on what percentage of those actually did get acquired by Groupon - or indeed had any exit other than just folding.
Almost any markrtplace start up can be cloned locally. But even more importantly, even before lyft and groupon existed there were small local shops executing on a similar idea. But it took Groupon to acheive scale.
What's next? You'll begin deriding McDonalds because all it is is a burger shop that anyone can start?
Scaling shit from $100,000 biz to 100mil revenue is hard as fuck. Exhibit A: all the groupon competitors that no longer exist.