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> it makes a whole shitload of money. Sounds like they /gross/ a shitload; but they need 7,000 salaried employees to do it, and they're not even in that many p
by hyperbovine 15y ago
> it makes a whole shitload of money.
Sounds like they /gross/ a shitload; but they need 7,000 salaried employees to do it, and they're not even in that many places yet. Groupon is a brilliant idea, but it's not the typical zero-overhead startup that HN people are often involved in. Just because you are bringing $20 billion in the door every year doesn't mean you are making f.u. money. I'm not knocking it as in investment -- I really have no expertise in that area -- but the numbers appear less eye-popping when you look at it as sales/marketing outfit that happens to do all of its business online.