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Meet a Hall of Famer in a unique one-of-a-kind offer.
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Here is the press release with information on Groupon’s first quarter as a public company. I won’t add any value as the numbers speak for themselves. Click here to read all about it. Thank you.
Here is an interesting story on local and how newspapers missed the overall media rally over the last two years.
In this story, Groupon is discussed. And its hyper growth.
Groupon today closed up on the market and now has a market capitalization of more than $15 billion.
To put that in perspective, great companies such as the New York Times have a market cap of about $1 billion. The Washington Post and Gannett each have a market cap of about $ 3 billion. McClatchy is less than $500 million.
EBay, the original local new media business, is now valued at about $43 billion. It is all about local listings, community and payments. And it attacked the classified business model of newspapers.
New media businesses that focus on the big new opportunity where local information and commerce intersect build big value. Traditional businesses that wrote the book on local seem to be shrinking. Growth is rewarded.
Out with the old and in with the new on Wall Street as it pertains to local. I was shocked to see this disparity in value of new media vs. traditional media companies. I will be speaking at an important business conference in Boston in March regarding local business and growth strategies. Click here for more info. Thank you.
Bloggers blog about it. Generating page views – to sell their ads and click streams.
Financial pundits opine about it.Some to sell their newsletters. And opinions.
A network will do a sitcom with Groupon in it. To generate ratings.
And now a book about Groupon. For a nice advance I am sure. Wonder if there will be a Groupon selling the book? Half off the cover price? Click here for details.
I still feel we are in a quiet period – but no one else does; that is for sure.
Groupon. What is next – a movie? Been there – done that – anyone remember- “You’ve Got Mail?”
Here is a story and the interview by Leslie Stahl of 60 Minutes of Andrew Mason – founder and CEO of Groupon.
I hope you will find it informative.
I was concerned that I would have nothing to do – I was terrified of leaving the company that employed me for almost 14 years.
In that 5 years since I retired from AOL I have:
Acquired the Washington Wizards and Verizon Center; and spent more time with the Washington Capitals and Washington Mystics;
Made 3 films; “Nanking”;” Kicking It”; and ” A Fighting Chance”; I am working on a 4th film now too;
Founded SnagFilms; and acquired indieWIRE;
Helped to start Revolution Money- served as its chairman; sold the company to American Express; now I serve on board of directors of American Express;
Authored a book – “The Business of Happiness”;
Invested in and became Chairman of Clearspring Technologies; still serve on their board;
Invested in and serve on board and as Vice Chairman of Groupon; the company went public last month; it has a $14 billion market cap;
Made 15 angel investments in some great start ups; all told; these startups and the companies that we sold have a combined value approaching a billion dollars;
Became a partner in Revolution Growth Fund 2 – a $ 450 million ” speed up capital” fund ; focused on East Coast startups; partnered with Steve Case and Donn Davis on this NEW fund;
Bought a house – sold 2 houses;
Worked with more than 400 charities via my Family Foundation; and Monumental Sports and Entertainment Foundations and SnagFilms;
Serve on the board of directors of Georgetown University.
It has been a nonstop hectic 5 years – some of the best and most productive and enjoyable years of my career and life.
Retirement from a corporate career is nothing to be afraid of. Onward. Thank you.
Grouponicus is in full swing.
Give the gift of Groupon; it is the thought that can count double!
Details here; thank you.
On Groupon; huge savings; sign up now – get in on the deal. At Verizon Center – or at Patriot Center. Thank you. Happy Holidays. Click here for info.
Helping small business book appointments, manage traffic flow and appointments.
Click here for more information. Thank you.
The company has been in a “quiet period” for a long time; and even though we went public via an IPO – we couldn’t talk about the company. We were in what is called “registration”, and then you can’t talk about the company for about a month after you go public. Of course – anyone else could talk all they wanted about the company.
Here is a blog post from co-founder and CEO of Groupon Andrew Mason. In it – he does offer a glimpse of how the holiday season has kicked off. I won’t add any value to these words and numbers; what do you think of them?
It feels good to be transparent and talk or at least point to Andrew’s blog again. Thank you.