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going to get down voted, but Groupon is based on Chicago not in in Bay Area (or as the author calls "ValleyWood")
by howardr 15y ago
going to get down voted, but Groupon is based on Chicago not in in Bay Area (or as the author calls "ValleyWood")
- billpatrianakos 15y agoYeah but it can be considered one of Valleywood's darlings. It really helps make his case despite not being in SV.
- howardr 15y agoI mean I got the point of what the author is referencing and agree with some of his points about the Valley being an echo chamber. However it can not be considered a Silicon Valley darling unless one wants to admit that success (I think that Groupon is, but I will accept that many don't think so) is somehow only associated with the area. I guess that is why I felt the need to point out that Groupon is not based in SF. Edit: clarifying success reference to be clear that I mean I think that Groupon is a success and not that I think that success must be associated with SF
- mattreport 15y agoexactly my point Bill! Thanks!
- dkuebric 15y agoIt's also very much for the 99%--not the best example for this post.
- billpatrianakos 15y agoI guess you're right. I didn't think of it that way. But you know there was this subtext of the post that was a criticism of how SV works as far as sane investments go and I think if you apply Groupon to that it makes sense. Groupon is the kind of company that is unsustainable yet has been allowed to grow so large through investment even though any sane person knows they're hemmoraging money. He definitely should have picked a company based in SV but I still get his point.