Great story in the Harvard Business Review about Groupon, which has reportedly churned through almost US$1bn in venture capital and needs a further US$750m “just to keep the lights on”. The article contains such nuggets as “businesses should become profitable before they become big. The best way to manage a fledgling business is for managers to be impatient for profit but patient for growth.” Also neat insights into the validity (or not) of the group buying business model. See story here.
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