THROES OF DESPERATION?
point of purchase
Remember Groupon? It’s the daily deals company that went public in November, much to the excitement of the investment banks who helped take a chunk of the company’s cash and fantastic drunks who enjoy short-selling the rest of the world’s suckers.
Cut to today! We’re not sure whether or not this is routine business—or just how routine this is, but this just showed up in our inbox:
What better way for old media properties like the NY Times to beef up their bottom line than to jump on the bandwagon of daily deal sites that have been heating up the tech sector.
Market leader Groupon recently closed a massive funding round and New York’s Gilt Groupe was just reported have hit Read More
Group buying is going niche. New York-based big gay social network Fab.com debuted its Big Gay Deal of the Day this week, “glamming up” the daily deal space with deals for gyms, spas, bars, restaurants, hotels, events and entertainment that appeal to gay men.
“We created the Big Gay Deal of the Day Read More
Groupon’s runaway success leveraging collective buying power using the internet has inspired knockoffs across the globe. Daily deal sites are one of the easiest businesses to build — it’s basically a website, email list and an old-fashioned sales force.
There are now more daily deal sites than even the thriftiest users want to keep up Read More
Alley Vs Valley
Daily deal sites like Groupon are all the rage right now, but they’re leaving more than a few-trigger happy shoppers with buyer’s remorse.
Enter NYC startup Lifesta, a resale market for daily deals. “One Lifesta user had purchased a voucher to eat a great meal at a discount while on vacation in New Read More
Gilt Groupe has made its first acquisition, the San Francisco-based luxury deal site Bergine, as part of a rapid expansion plan that has put the NYC-based site in five new American hubs.
Bergine was founded in March by Patricia Calfee. Gilt is looking for local expertise and connections, so Calfee will help run Gilt’s West Read More