I know of someone who started up in this space in London in about '07. I talked to him the other day asking what happened and he said "oh, Groupon just overtook

I know of someone who started up in this space in London in about '07. I talked to him the other day asking what happened and he said "oh, Groupon just overtook the market". He didn't hold anything against them for it, just said they had better vision and iterated faster. (that's probably not the story you were thinking of, but your comment happened to remind me of our conversation)