VCs Love Penny Auction Sites, But Will Users Stay Smitten?
Posted on: September 14, 2010 by Connie Loizos3 Comments »
Numerous startups have come up with innovations based around online transactions, including payment platforms like Offerpal Networks, exclusive luxury shopping sites like Gilt Groupe, and group-buying businesses such as Groupon and its many clones. But the newest class of e-commerce startups to capture the attention of VCs are so-called penny auction sites, which combine online [...]
