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Groupon is the typical Chicago-based startup. After experiencing enough sleazy startups in the mold of Groupon, I decided I've had enough with Chicago. That typ
by knows_chicago 15y ago
Groupon is the typical Chicago-based startup. After experiencing enough sleazy startups in the mold of Groupon, I decided I've had enough with Chicago. That type of business plan is typical of many Chicago startups.
The same investors behind Groupon are funding many other startups. They've got plenty more ponzi startups waiting in the wings.
- freehunter 15y agoI'm not agreeing nor disagreeing with you, since Groupon is the only startup I know from Chicago, but Chicago has this same problem with politicians. Pump-'n-Dump. 1 in 5 Illinois state politicians have seen jail time in the past 100 years.[1] I can't honestly put anything down to words that could describe why, or if it's just coincidence. Just an odd trend. [1]http://articles.marketwatch.com/2011-12-07/economy/30779893_1_illinois-gov-political-corruption-bribery http://articles.marketwatch.com/2011-12-07/economy/30779893_...
- ironchef 15y agoCreated just to post this? Wow. Anyways...so...would you say the following are all sleazy: braintree, orbitz, threadless (aka skinnycorp), 37signals Those are the next startups i think about when i think chicago.
- deleted 15y ago[deleted]
- knows_chicago 15y agoI should clarify. It is more the mentality of quick cash at any cost. This style of business can work in some work under some circumstances. Orbitz does some cool stuff, but it isn't a startup. It was a spinoff from various megacorps. 37signals manages to work within the Chicago paradigm. However, they are run more like a small business than a high-growth startup. Grubhub would be more a Chicago success story.