Exactly. But even if that weren't the case business is about risk taking. They did poorly because the market tanked and/or they made bad bets. Had neither of th

Exactly. But even if that weren't the case business is about risk taking. They did poorly because the market tanked and/or they made bad bets. Had neither of those two things occurred the offices and the people would have been fine. (A rising tide and all of that.) What he is really saying is that there is less risk with less people since he can more carefully manage the risk when he doesn't have a hand in so many pots. And that works in that type of a business. It's certainly not what the investors of groupon want. That being said if Fred didn't spend time writing a blog he would have more time to manage more investments. I'm sure he devotes many hours per day to that blog. But he has decided he is happy with the amount of deals and activity he is doing right now and the other benefits he gets from blogging (attracting better deals and potential celebrity).