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When a competitor raises big money ($175M) and you don't, this is coming
- pedalpete 16y agoThe title is drawing incorrect conclusions. Lets not forget the 'a rising tide floats all boats', which is contrasted by network effect. Groupon and LivingSocial have the network or businesses and buyers already. Businesses aren't going to jump on to all the different platforms, and neither are users. Often where network effects are not an issue, more funding comes into a hot sector rather than less.
- asanwal 16y agoThe fact that BuyWithMe wasn't able to raise a large substantial round in the wake of Groupon/LivingSocial's funding success was a signal of stress or things not being what they should be at BWM. And the CEO ultimately was held accountable.