I can give you an anecdote as an answer
Here in Israel, there are dozens of Groupon clones, which are extremely popular. But Groupon isn't here yet.
It's a land grab game, and in this business, growing fast matters.
Here in Israel, there are dozens of Groupon clones, which are extremely popular. But Groupon isn't here yet.
It's a land grab game, and in this business, growing fast matters.
I guess the thing I would caution about is expanding fast vs. executing well. Hopefully they learn the lessons in the Yandex vs. Google and Amazon/Ebay vs. Tao Bao fights.
Facebook did execute on a very successful international strategy - but from my understanding they didn't need a billion dollars to do it. GroupOn's economics might be different - time will tell.