Groupon originally was founded as "The Point," an online fund-raising service that used the "tipping point" concept (donations had to reach a specified level before any of the donations were accepted). That now is the foundation for the group buying concept as well: offers aren't triggered unless there is a minimum take rate.
Friday, March 4, 2011
Groupon: The Accidental Success
If you ever have been part of a start-up, you know that a successful business model sometimes just emerges in a way that was unforeseen in the original business plan. In Groupon's case, the successful model was something of a "Hail Mary" pass to save an original vision, an online fund-raising service, from collapse.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Subscribe to:
Post Comments (Atom)
-
We have all repeatedly seen comparisons of equity value of hyperscale app providers compared to the value of connectivity providers, which s...
-
It really is surprising how often a Pareto distribution--the “80/20 rule--appears in business life, or in life, generally. Basically, the...
-
Is there a relationship between screen size and data consumption? One might think the answer clearly is “yes,” based on the difference bet...
No comments:
Post a Comment