LivingSocial: Too Big to Fail, But Can it Scale?

Jun 13, 2012 · Last week, the D.C. Council considered Mayor Vince Gray‘s proposal to grant the daily deals behemoth LivingSocial a tax incentive package worth $32.5 million, in the interest …

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LivingSocial: Too Big To Fail, But Can It Scale?

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Jun 13, 2012 · Last week, the D.C. Council considered Mayor Vince Gray‘s proposal to grant the daily deals behemoth LivingSocial a tax incentive package worth $32.5 million, in the interest …

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LivingSocial Offers A Cautionary Tale To Today’s Unicorns

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Nov 20, 2015 · But even as it spent big, the underlying business was not sound. Amazon’s recent financial filings show that in 2011, LivingSocial generated $238 million in revenue — but lost …

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LivingSocial Was Once Worth $6 Billion — Now Its Main Competitor …

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Founded in 2007, LivingSocial was worth as much as $6 billion during its peak in 2011, when it raised a $176 million Series F round led by J.P. Morgan Securities. It claimed as many as 70 …

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What Groupon's Buyout Of Living Social Says About E-Commerce

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Oct 27, 2016 · Groupon (GRPN), which said Wednesday it will buy what’s left of LivingSocial for an amount too trivial to disclose, once was worth $16 billion. Today, its market value is $3 …

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EXCLUSIVE Q&A WITH LIVINGSOCIAL CEO: His Secret Plan For …

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Feb 22, 2011 · Granted, LivingSocial's profile got a shot in the arm when it sold 1.16 million $20 Amazon gift cards for $10 a piece in January, but compared to Groupon, we don't think …

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LivingSocial: We're Set To Overtake Groupon (Q&A) - CNET

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The start-up, now valued at $1 billion, says it will soon overtake Groupon in the U.S. market for online daily deals. CEO Tim O'Shaughnessy tells how it got there.

cnet.com

FAQs about LivingSocial: Too Big to Fail, But Can it Scale? Coupon?

What happened to LivingSocial?

The suspicions were contagious, infecting LivingSocial and halting its chances of going public. The start-up tried to raise $400 million in late 2011, but managed to secure only $176 million, according to Securities and Exchange Commission filings. An empty conference room in LivingSocial's headquarters. ...

Why did you push LivingSocial aside?

Before LivingSocial was the popular discount site you see today, it was a successful business that built apps on the Facebook platform. “So,” I asked him, “why did you push that business aside?” Because he had bigger aspirations. This is the story of a founder who took a big risk for a big vision. ...

Was LivingSocial a fad?

Even at the height of the company’s trajectory, LivingSocial was dogged by skepticism. There were critics who believed daily deals were simply glorified coupons and a fad that would pass. Others asserted they were bad for business owners, an argument compounded by reports of merchants who were overrun with customers and losing gobs of money. ...

Did LivingSocial go bust?

As with other tech firms that went bust, LivingSocial is survived by a plethora of spinoff companies whose founders honed their business skills at the firm. Local companies Galley, a meal-delivery service, and Framebridge, a custom framing outfit, were started by LivingSocial alumni, among others. ...

How was LivingSocial founded?

LivingSocial was founded by a team of highly successful Facebook developers. It began with a new set of daily deals on the Web and focused on discounts in local markets. LivingSocial grew to more than 50 million registered users and was once valued at $3 billion. ...

Will LivingSocial have more company?

LivingSocial may soon have more company. There are now 142 unicorns that are together valued at around $500 billion, according to the research firm CB Insights. Some of those highly valued start-ups are starting to show some cracks. ...