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All the Groupon copycats largely failed too. Including Living Social. The other related companies that survived were around before and weren’t focused or only d
by skinnymuch 7y ago
All the Groupon copycats largely failed too. Including Living Social. The other related companies that survived were around before and weren’t focused or only doing Groupon’s schtick (Retail Me Not, Coupons.com parent company, Slickdeals, and the cash back sites like Ebates/Rakuten). Otherwise they all died.
The gig economy startup scene was much much bigger. But it also didn’t completely die out. Airbnb is wildly successful. Apps like Taskrabbit have survived. Handy was surviving. Probably a number more that survived outside the big names.
- JohnJamesRambo 7y agohttps://www.cnbc.com/2019/10/17/airbnbs-quarterly-loss-reportedly-doubled-in-q1.html https://www.cnbc.com/2019/10/17/airbnbs-quarterly-loss-repor... Airbnb is successful but is it sustainable? That’s the question we need to be asking of the Uber generation.
- skinnymuch 7y agoYeah good thinking. Maybe not sustainable at a $35B+ valuation. However it is likely sustainable as a $10B+ company. Their marketing is largely the reason in that article. Their growth has slowed so that makes sense. Airbnb has been slightly profitable before. And unlike Dropbox who have been in the same position, they don’t have the same competition level. Article also says they still have $3B in cash and a $1B credit line which is a good sign vs total raised amt.
- rasz 7y agoIsnt Groupon just a modern take on Beenz? https://www.youtube.com/watch?v=5o9HEjuXsc0 https://www.youtube.com/watch?v=5o9HEjuXsc0