Where Did Groupon’s $946 Million Funding Go?

June 3, 2011

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Groupon raised close to $1 billion in January this year, well $946 million to be exact. By March, it had $209 million in cash. So where did the money go? The company kept $136 million to keep the company running while the remaining $810 million was paid out, via stock purchases, to employees and early […]

Andrew Mason’s Letter to Potential Stockholders

June 3, 2011

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Dear Potential Stockholders, On the day of this writing, Groupon’s over 7,000 employees offered more than 1,000 daily deals to 83 million subscribers across 43 countries and have sold to date over 70 million Groupons. Reaching this scale in about 30 months required a great deal of operating flexibility, dating back to Groupon’s founding. Before […]

Groupon’s IPO

June 3, 2011

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Haven’t you heard? Groupon just filed an S-1 with the SEC to raise $750 million in an IPO. Here are some of the important information: 1. Groupon lost $413 million in 2010. 2. Revenues in 2010 were recorded at $713 million. 3. Q1 2011 revenues were $645 million (90% of total revenue in 2010!). 4. […]

Demotivator of The Day – 3/6/2011

June 3, 2011

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Posted in: Demotivators

What Your Email Address Says About You

June 2, 2011

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Taken from The Oatmeal.

Posted in: Fun Stuff!, Tech Munch

Pretty Wallpaper, Please!

June 2, 2011

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These body painting images will blow your mind!

Demotivator of The Day – 2/6/2011

June 2, 2011

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Posted in: Demotivators