Comments on: The Groupon phenomenon: first generation social commerce that really works http://arnoldwaldstein.com/2010/05/the-groupon-phenomenonfirst-generation-social-commerce-that-really-works/ Ideas on technology, brands, wine and human behavior Sun, 20 Mar 2011 19:06:17 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: awaldstein http://arnoldwaldstein.com/2010/05/the-groupon-phenomenonfirst-generation-social-commerce-that-really-works/comment-page-1/#comment-426 awaldstein Wed, 12 May 2010 18:37:42 +0000 http://arnoldwaldstein.com/?p=2750#comment-426 Mark... two other resources I would add to this string that may help:<br><br>1. Mark Suster covered this yesterday in his broadcast, now available on his blog @ <a href="http://bit.ly/9uJWWf" rel="nofollow">http://bit.ly/9uJWWf</a>. Great weekly show if you didn't catch it.<br><br>From his post. Wow...$180K per day in revenues for LivingSocial.<br><br>"We discussed whether investing in the second largest player in a category makes sense given that Groupon is 10x the revenue, 3.5x the funding and market coverage.  But LivingSocial is reportedly doing around $180,000 per day in gross revenue.  Yes, that’s right.  Per day!  If this figure is accurate – it’s certainly a very large business even when you look at net revenues."<br><br>2. And from TechCrunch: "A TC Teardown: What makes Groupon Tick" @ <a href="http://tcrn.ch/cBofey" rel="nofollow">http://tcrn.ch/cBofey</a>. Great look at the numbers. Mark… two other resources I would add to this string that may help:

1. Mark Suster covered this yesterday in his broadcast, now available on his blog @ http://bit.ly/9uJWWf. Great weekly show if you didn't catch it.

From his post. Wow…$180K per day in revenues for LivingSocial.

“We discussed whether investing in the second largest player in a category makes sense given that Groupon is 10x the revenue, 3.5x the funding and market coverage.  But LivingSocial is reportedly doing around $180,000 per day in gross revenue.  Yes, that’s right.  Per day!  If this figure is accurate – it’s certainly a very large business even when you look at net revenues.”

2. And from TechCrunch: “A TC Teardown: What makes Groupon Tick” @ http://tcrn.ch/cBofey. Great look at the numbers.

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By: awaldstein http://arnoldwaldstein.com/2010/05/the-groupon-phenomenonfirst-generation-social-commerce-that-really-works/comment-page-1/#comment-349 awaldstein Wed, 12 May 2010 12:37:42 +0000 http://arnoldwaldstein.com/?p=2750#comment-349 Mark... two other resources I would add to this string that I didn't include that may help:<br><br>1. Mark Suster covered this yesterdayin his broadcast, now available on his blog @ <a href="http://bit.ly/9uJWWf" rel="nofollow">http://bit.ly/9uJWWf</a>. Great weekly show if you don't watch it.<br><br>From his post. Wow...$180K per day!<br><br>"We discussed whether investing in the second largest player in a category makes sense given that Groupon is 10x the revenue, 3.5x the funding and market coverage.  But LivingSocial is reportedly doing around $180,000 per day in gross revenue.  Yes, that’s right.  Per day!  If this figure is accurate – it’s certainly a very large business even when you look at net revenues."<br><br>2. And from TechCrunch: "A TC Teardown: What makes Groupon Tick" @ <a href="http://tcrn.ch/cBofey" rel="nofollow">http://tcrn.ch/cBofey</a>. Great deep look at the numbers and analytics. Mark… two other resources I would add to this string that I didn't include that may help:

1. Mark Suster covered this yesterdayin his broadcast, now available on his blog @ http://bit.ly/9uJWWf. Great weekly show if you don't watch it.

From his post. Wow…$180K per day!

“We discussed whether investing in the second largest player in a category makes sense given that Groupon is 10x the revenue, 3.5x the funding and market coverage.  But LivingSocial is reportedly doing around $180,000 per day in gross revenue.  Yes, that’s right.  Per day!  If this figure is accurate – it’s certainly a very large business even when you look at net revenues.”

2. And from TechCrunch: “A TC Teardown: What makes Groupon Tick” @ http://tcrn.ch/cBofey. Great deep look at the numbers and analytics.

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By: awaldstein http://arnoldwaldstein.com/2010/05/the-groupon-phenomenonfirst-generation-social-commerce-that-really-works/comment-page-1/#comment-347 awaldstein Wed, 12 May 2010 01:58:05 +0000 http://arnoldwaldstein.com/?p=2750#comment-347 Glad it was helpful Mark.<br><br>Actually, it was a fun deep dive. Literally scores of players on the social side, many more like Lifebooker Loot on the deal/non-social side (a great service btw) and then the aggregators like Yipit that strip through the web for all deals and push them to you.<br><br>It's a wild land grab for our email addresses and bookmarks. At the end, the customer will benefit and it is anyone's guess who will surface above the dust on the deal distribution side.<br><br>It's also deeply instructive to understand how to connect community and commerce which to date, is still a concept outside of these services. Glad it was helpful Mark.

Actually, it was a fun deep dive. Literally scores of players on the social side, many more like Lifebooker Loot on the deal/non-social side (a great service btw) and then the aggregators like Yipit that strip through the web for all deals and push them to you.

It's a wild land grab for our email addresses and bookmarks. At the end, the customer will benefit and it is anyone's guess who will surface above the dust on the deal distribution side.

It's also deeply instructive to understand how to connect community and commerce which to date, is still a concept outside of these services.

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By: Mark Essel http://arnoldwaldstein.com/2010/05/the-groupon-phenomenonfirst-generation-social-commerce-that-really-works/comment-page-1/#comment-346 Mark Essel Wed, 12 May 2010 01:36:15 +0000 http://arnoldwaldstein.com/?p=2750#comment-346 Thank you Arnold for bringing the Groupon phenomenon into crystal clear focus for me. Over the weekend I had read about their sky high valuation and had wondered what their value proposition was. Thank you Arnold for bringing the Groupon phenomenon into crystal clear focus for me. Over the weekend I had read about their sky high valuation and had wondered what their value proposition was.

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