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As Groupon’s Fortunes Shift, Chicago Sticks By It

Not long ago, the daily deals giant Groupon was the toast of Chicago, a press darling that received the blessing of Oprah Winfrey, was commended by Forbes as the “fastest growing company ever,” and even reportedly spurned a multibillion-dollar buyout offer from Google. A Chicago Tribune headline from last December summed up its place in […]

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Groupon’s Founders Make Words Pay, But for Whom?

The New York Times recently wrote a piece suggesting that “Groupon’s fate hinges on words.” Unlike Google, which “had secret algorithms that gave superior search results,” or Facebook, which “provided a way to broadcast regular updates to friends and acquaintances that grew ever more compelling as more people signed up,” in the view of the Times, […]

New Enterprise Associates Poised to Score Big on Groupon Thanks to Old Ties

The venture capital business is rooted in personal relationships. Not only do many firms refuse to meet with founders who aren’t referred to them by someone in their network, but their strong preference is to back entrepreneurs who they’ve funded before. That’s a good thing for the Chevy Chase, Md.-based firm New Enterprise Associates, which […]

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