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Max Levchin: Groupon is probably under-valued. The fastest growing company ever. I came across a startup recently that had a Powerpoint and no engineers, no product and it had a $16 million valuation. That's an over-valued company.

Interesting how different his opinion of Groupon's valuation is from the prevailing sentiment.

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Groupon has had pretty huge revenue growth and is currently bringing in some hundreds of millions of dollars a year in revenue.

Skepticism about the ability to maintain that growth rate, and the suspicion of many (especially here) that they're burning bridges with the companies they work with put a high valuation in doubt, but that's a matter of opinion at this point. Evidence that Groupon is having any trouble finding partners to offer coupons is so far anecdotal.

I never thought there'd be this much money in coupons, but so far it looks like it's a great business model. It wouldn't shock me if those valuations were true.

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