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Michael Arrington Invented Groupon in 2005 (Idea 4)
- wushupork 15y agoApparently he also came up with dropbox
- meatmanek 15y agoMore like Carbonite, Backblaze, Mozy, Crashplan, etc.
- finebanana 15y agoand ordered bullet list
- sradnidge 15y agoProving once again, an idea without execution is worth precisely fuck all. All the non-technical founders out there trying to rip the executors in terms of equity, take note.
- quattrofan 15y agoExactly, "inventing" is the wrong word, if you invent you build, an idea by itself is useless without execution.
- chopsueyar 15y ago"Useless" is also the wrong word.
- hvs 15y agoExecution is more than building a site. Groupon, especially, is an example of a site that is successful due to the deals that they can negotiate and their quality writing. That's not to say that I disagree with you that the builders deserve good equity as well.
- nikcub 15y agoI wouldn't say invented so much as 'foresaw the large opportunity'. It popped up on Techcrunch a lot before GroupOn, ie. how is it that the $170B local ad market has been left untouched by the web?
- ewalk153 15y agoIdeas are cheap, good execution is worth millions (or in Groupon's case billions).
- patio11 15y agoGreoup buying has been done many times before, including in the bubble. GroupOn has the distinction of working. I also think it is essentially orthogonal to the original group buying aspect but that was useful pretraction.
- paulnelligan 15y agohe's also listed spotify/grooveshark there in number 6 ... anyway, I would hardly call having an idea an invention ... the invention is the implementation of that idea, which is worth nothing until it's actually implemented ...
- beerglass 15y agoIs Dropbox today's answer to idea #1?
- yeahsure 15y ago"500 GB for $20 per year" I wish!
- quan 15y agoIf Arrington had invented Groupon, he would have invented Groupon
- briggers 15y agoA business idea is conjecture, execution is an experiment. The word 'invented' here is a vocabulary failure.
- random42 15y ago<snark> and I invented time machine in 2001 </snark> Idea means almost nothing. Execution is the hard part.