Say what you will about Broadcast.com or Myspace, but their founders did quite well, giving up any delusion of building on online legacy through said domains.
Take the cash and move on.
Particularly with Groupon, I really don't understand how a global company can compete at a local level if a local 'Mom & Pop' groupon clone takes Groupon on. Are the economies of scale there? (Please note I am talking about smaller towns, not major cities like Manhattan, Chicago, etc.)
The daily deal space is technically simple and has low barriers to entry - get a WordPress account and MailChimp, and you're more than halfway there. However, driving traffic and sourcing deals is ridiculously capital intensive.
Local Groupon clones around the world have been doing more or less well depending on their country's access to capital -- if there's sufficient VC available, they can hold their own, but if not, they've been getting steamrolled when a Groupon or Living Social enters their country.
Say what you will about Broadcast.com or Myspace, but their founders did quite well, giving up any delusion of building on online legacy through said domains.
Take the cash and move on.
Particularly with Groupon, I really don't understand how a global company can compete at a local level if a local 'Mom & Pop' groupon clone takes Groupon on. Are the economies of scale there? (Please note I am talking about smaller towns, not major cities like Manhattan, Chicago, etc.)