Some of them did just fine: In January 2011, Groupon raised $950 million in its last pre-IPO fundraising round. Yet by the end of March 2011, the company only

Some of them did just fine: In January 2011, Groupon raised $950 million in its last pre-IPO fundraising round. Yet by the end of March 2011, the company only had $209 million in cash, as All Things D’s Peter Kafka reported. So where did all the money go? Turns out that even as Groupon was losing money, the company paid out over $800 million to company insiders, including $300 million to Groupon chairman Lefkofsky. Groupon, which turned down a $6 billion offer from Google, would later go public at a valuation of nearly $13 billion. It is now worth less than $3 billion, a 77% decline. https://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/ https://business.time.com/2013/03/01/groupon-fires-ceo-andre...