4 ms·
Groupon was insane at launch. I got to do so many fun things at a STEEP discount for what, maybe 1-2 years? Then companies realized people like me don't return
by sharkweek 4y ago
Groupon was insane at launch. I got to do so many fun things at a STEEP discount for what, maybe 1-2 years?
Then companies realized people like me don't return after I soak one time in a flotation chamber or indoor skydive etc...
Then the deals got worse once the fun places stopped participating, and I lost interest as I don't currently have a need for an 8% discount on a museum ticket.
Feels like another great example of VC-subsisized awesomeness that was facing an inevitable death once it became unsustainable.
- pw6hv 4y agoIn this case was also subsidized by the companies offering the deals. And I guess they had less money to waste than VCs...
- legitster 4y agoAlso, keep in mind, Groupon was launched in 2008. So it shouldn't be a surprise that, immediately after a huge recession that heavy discounting for consumer goods would be a good business model.
- bmurphy1976 4y agoI argued endlessly with my spouse not to buy these deals. There was a lot of FOMO at the time and poor purchase decisions being made. She learned her lesson when we couldn't fit a $200+ Lake Michigan boat ride she purchased into our schedule and we had to eat it. I bet that happened to a lot of people and they significantly reduced their Groupon usage. Groupon was riding a wave and that wave crashed.
- hotpotamus 4y agoYeah, I got in on some Dave and Busters groupon deal that seemed good, but I never seemed to find a time to go. I offered it up on a work email list the day or two before it expired if someone could use it that day, and a coworker said he was able to go with his son, so it more or less worked out, but I don't think I've used Groupon since then.
- itronitron 4y agoGlad to hear you both made it through unscathed.