To Be or Not To Be Grouped?
Presentation’s agenda: 1. A few words for introduction. 2. The idea of group-buying. 3. Groupon – the fastest growing company, ever: history, facts & figures, business model 4. Group-buying means money! And rivals know it, especially Google and Facebook.
Groupon in numbers
Operates in 250 markets
seed money - $ 1 million
Estimated
current
value
$15-20 billion
Annual revenues between $0,5-2 billion
Q1 or Q2 2011 – Groupon prepares for an IPO
Glossary: seed money (founding) = one or more parties invest the funds necessary to start a new enterprise (startup) so that it has enough funds to sustain itself for a period of development until it reaches a state where it is able to continue funding itself. (to) aquire [T] = to obtain something by buying it or being given it. spike (in) [usually singular] = a sudden large increase in the number or rate of something; f.ex. spike in interest rates a slice of the cake [British English] = a share of the profit, help etc that is available.