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You miss-understand the issues involved: 1. Groupon management chose the high risk style of customer acquisition with high upfront marketing costs. 2. Groupon
by shareme 15y ago
You miss-understand the issues involved:
1. Groupon management chose the high risk style of customer acquisition with high upfront marketing costs.
2. Groupon management chose to use funding rounds to cash first-inline investors and employees out due to choice in 1.
3. Groupon than chose to hide that high risk in A SEc filing.
I feel so strongly about the ethics here that I have refused to go to work fro any Lightbank Incubator start-up. Groupon ethically challenged operation. Similar to Enron, etc.
It is not if they will get burned its when