All Articles Tagged "Groupon"
Over-the-Top Success of Groupon Signals New Chicago Tech Formation
(Chicago Sun Times) — Chicago tech visionaries will never again need to leave town in order to hit pay-dirt. With Groupon’s backfield now calling the plays, we’re actually becoming an attractive free agent destination. Thankfully, the regular season is just about to begin.
Last week, Mayor Daley’s new Committee on Technology Infrastructure huddled around the offices of 600 W. Chicago for a well-timed pep rally. Formerly the domain of leather helmet-style retailer Montgomery Ward’s, “600 West” today fields a growing roster of tech startups that are literally reinventing how business is done in Chicago and worldwide. Daley, who was sacked for inking dot-com bust divine interVentures to a lucrative Tax Increment Financing deal a decade ago, gladly took credit for giving 600 West a very well played $28 million TIF in 2003.
The Busted Sister’s Guide To Getting A Deal On All The Best Things
A day at the spa with your girls, tickets to a hot show, dinner at a chichi restaurant. All sounds great, but a budget buster, right? Not necessarily. Savvy sisters can hit the scene even when funds are all tied up by signing up with sites geared to the diva who loves a deal.
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How Does Groupon Make Money?
(TechCrunch) — Groupon takes the old Entertainment Coupon Books
that your mom used to buy and brings it to the social web. Groupon sells a “Deal of the Day” in each of it’s now 52 supported cities offering significant savings for local restaurants, service providers, activities and memberships, and takes a commission. The trick is that the deal is only “triggered” once enough people buy in. This creates the incentive to share the deal with friends and family, until “the deal is on.” It’s great for local businesses because they can set the parameters for the offer and they know a minimum for how many offers they will have sold in advance. By combining the social web and virality with hard-to-replicate deals, Groupon has created a network-effects business for commerce that makes its model highly attractive (hence, every week seems to bring new copycats).
