To the GPs point, groupon was a sucessful hack.[1] It had young neophyte managment and massive losses. VCs thought is was worth 10's of $Billions. It was covere

To the GPs point, groupon was a sucessful hack.[1] It had young neophyte managment and massive losses. VCs thought is was worth 10's of $Billions. It was covered like the next coming of Netscape...[2] [1] The nature of the "hack" itself used digital media (email, digital coupons). The main breakthrough seems more of a social/business/marketing hack than anything uniquely driven by hard tech programming or engineering, though. Although I could be corrected on this latter point by someone with specific knowledge. [2] Part of the story was very high growth and market penetration. There was much "its different this time" type discussion about how this was all enabled by technology.