agree with many of the doubts jeff expresses. as with almost any social network (not named facebook), i'm just not convinced these are sustainable headcounts/models.
related to discount space, solutions like this have been around forever. groupon has had excellent timing & execution, but i just don't know that they can keep it up.
the space is getting further crowded by the day, and the fad will wear off at some point. for one, my entire family has already distanced itself from groupon when similar models like scoutmob require no money down.
with all that said, i wouldn't be surprised at all to see them with an IPO in Q2-Q3 of 2011 to take advantage of their current stature. (catch news of amazon's CFO joining? http://ht.ly/3smDF )
related to discount space, solutions like this have been around forever. groupon has had excellent timing & execution, but i just don't know that they can keep it up.
the space is getting further crowded by the day, and the fad will wear off at some point. for one, my entire family has already distanced itself from groupon when similar models like scoutmob require no money down.
with all that said, i wouldn't be surprised at all to see them with an IPO in Q2-Q3 of 2011 to take advantage of their current stature. (catch news of amazon's CFO joining? http://ht.ly/3smDF )