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17:04

A few stats about runaway success Groupon.com

According to its CEO Andrew Mason, straight from the TechCrunch CrunchUp (wow):
  • 50% gross margin
  • Launched in November 2008
  • A year ago today, active in 5-6 cities
  • Now running in 170 cities in 22 countries
  • Over 1,000 employees now
  • About 12 million people getting daily email. Adding 2 million a month
  • 97% of businesses featured want to be featured again
  • Breakage rate is probably around 10%, though Groupon doesn’t directly track it

Don't be the product, buy the product!

Schweinderl