Where does all that revenue come from? (I'm not in the US so I don't use the site). Forbes is reporting $500mm annual sales.
Boston, for example, has a deal today for 150 * $15 meals at a restaurant.That's $2250 revenue for a day or about $800k for the year. Assuming there are about 30 large cities in the US thats $24mm annual revenues.
Even if the average deal size (item price * count) is FIVE times that its about $110mm annually.
Also kind of tough to scale when the USP is ONE deal a day right? I mean will this work with two deals a day?
What am i missing?
Thanks.