With Groupon now expanding into Japan and Russia, the company’s plans for world domination continue apace.
In this week’s episode of our (newly retitled) show, we spoke to Chairman and COO, Rob Solomon about the strategy of expansion-by-acquisition, the risks of fraud, what keeps Solomon awake at night — and why China is conspicuous by its absence amongst the company’s recent launches.
Video below.
Rob Solomon is President of Groupon, a social commerce startup based in Chicago. Previously, he was a Partner at Technology Crossover Ventures, which he joined in October 2008. Before that he served as CEO of Sidestep, a travel search site that was bought by Kayak. During his time at SideStep, Mr. Solomon strengthened the management team, added distribution partnerships, and executed a successful growth strategy that included a number of accretive acquisitions. His efforts led to the merger of...
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...
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