The Economist also has an overview of Groupon. One thing that jumped out at me, aside from the quickly growing revenues and profits, is the sheer administrative brilliance of scaling from 120 to 4000 employees, 2 million to 52 million subs, and 30 – 565 cities in the course of about a year.
Another thing is that the article again cites Groupon’s own management for the proposition that entry barriers are low and network effects in the daily deals business are small. Once again, not what you often hear from company management that is raising money at massive valuations and looking at an IPO.
