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Groupon
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users. By the end of March 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally in 48 countries."Groupon Q1 2015 Public Fact Sheet." Groupon. Retrieved June 1, 2015. http://investor.groupon.com/index.cfm . The idea for Groupon was created by former CEO and Pittsburgh native Andrew Mason. The idea gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in seed money to develop the idea. In April 2010, the company was valued ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Mason
Andrew D. Mason (born 1981) is an American businessman and entrepreneur. He is the founder and former CEO of Groupon, a Chicago-based website offering users discounts on local businesses and scholarships. He is also the founder and CEO of Descript, an audio and video editing tool powered by machine learning.Business Inside"Groupon founder Andrew Mason is back with a cool new startup"Dec 12, 2017 Early life and education Mason grew up in a Jewish family in Mount Lebanon, Pennsylvania, a suburb of Pittsburgh. He graduated from Mt. Lebanon High School in 1999 and started a Saturday morning delivery service called "Bagel Express" when he was aged 15.Chicago Magazin"On Groupon and its founder, Andrew Mason"July 14, 2010 After graduating from Northwestern University in 2003 with a degree in music, Mason worked in web design for Chicago entrepreneur Eric Lefkofsky. Mason stopped working with Lefkofsky to attend the University of Chicago's Harris School of Public Policy after he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eric Lefkofsky
Eric Paul Lefkofsky (born September 2, 1969) is an American billionaire businessman. He is the founder and CEO of Tempus AI, and the co-founder of Groupon, Echo Global Logistics (ECHO), InnerWorkings (INWK), and Mediaocean. , he is also a co-managing partner of Chicago-based venture capital firm Lightbank. As of October 2024, his net worth was estimated at US$4.4 billion. Biography Lefkofsky was born in West Bloomfield, Michigan, and grew up in Southfield. His father, Bill, was a structural engineer, and his mother, Sandy, was a school teacher. After graduating from Southfield-Lathrup High School in 1987, he attended the University of Michigan and graduated with honors in 1991. He enrolled at the University of Michigan Law School and received his Juris Doctor in 1993. Entrepreneurial ventures After graduating from law school in 1993, Lefkofsky and a college friend, Brad Keywell, borrowed money from relatives to buy Brandon Apparel, a clothing company in Madison, Wiscon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brad Keywell
Bradley A. Keywell (born October 1969) is an American billionaire entrepreneur. He is the founder and executive chairman of Uptake Technologies, an industrial AI software provider. He is an early investor of Tempus AI, co-founder of Groupon, Echo Global Logistics, Mediaocean, DRIVIN, and Lightbank. He founded WNDR Museum and Chicago Ideas. As of March 2024, ''Forbes'' estimated his net worth at US$1.1 billion, down from $2.7 billion in December 2021. Keywell is the recipient of the 2019 EY World Entrepreneur Of The Year award, after receiving the overall USA EY Entrepreneur of the Year award in 2018. Early life and education Bradley A. Keywell grew up in Bloomfield Hills, Michigan and attended Cranbrook Schools. He studied at the London School of Economics in 1990, received a Bachelor of Business Administration in 1991 from the University of Michigan and a Juris Doctor ''cum laude'' in 1993 from the University of Michigan Law School. He is a member of the State Bar of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LivingSocial
LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city. Formerly headquartered in Washington, D.C., LivingSocial had roughly 70 million members around the world in 2013. The company shrank from a peak of 4,500 employees in 2011 to about 200 in 2016.Issac, Mike and Benner, Katie. ''New York Times'', Nov. 20, 2015.LivingSocial Offers a Cautionary Tale to Today’s Unicorns. Accessed Sept. 1, 2016. LivingSocial was purchased by Groupon in 2016. History LivingSocial was founded as Hungry Machine in 2007 by four employees from Revolution Health Group. After acquiring BuyYourFriendADrink.com in 2009, LivingSocial launched a daily deals website. The company offered its first deal in July 2009. By July 2010, the company had launched deals in 25 cities. By 2011, LivingSocial had raised over $800 million in venture capital funds. That same year, the company generated $238 million in revenue but lost $499 million. In 2012, a cla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groupon MyCityDeal
Groupon MyCityDeal is a collective buying power, deal-of-the-day website that is focused on bringing discounted price deals Growth Business UK in the lifestyle and leisure sector to UK and European markets. History Founded in as CityDeal in December 2009, the collective now serves Germany, France, Spain, Sweden, Austria, the Netherlands, the United Kingdom, Italy, Ireland and Turkey. The service was acquired in May 2010 byGroupon
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Ideel
Ideel, formerly ideeli, is a flash sale based online retailer based in New York City. History and Operations Founded in 2006, its $77M in revenue in 2010 led '' Inc.'' to rank it as the fastest growing company in the United States for 2011. In August 2012, Ideeli moved from Soho to the 45th floor of the New York Times Building. It has raised $70M in venture capital funding. Ideel's business model is based on acquiring excess or sample merchandise and selling it quickly at very steep discounts to their members. Sales typically last less than 48 hours. In 2014 they rebranded themselves as a source for affordable designer clothing. In January 2014, Groupon Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 countries. Based in Chicago, Groupon was launched there in November 2008, launching ... bought Ideel for $43 million. At some point the name became ideel, drop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ACSOI
ACSOI (Adjusted Consolidated Segment Operating Income) (also called Adjusted CSOI) is a non- GAAP accounting metric. The metric amortizes marketing and acquisition costs over several accounting periods. The "Adjusted" part of the metric increases ("inflates") a company's reported net income in the most recent accounting period. The rationale behind the use of ACSOI is that marketing and subscriber acquisition expenses have value long into the future: they build a brand; therefore, they should be spread out over time. Cash spent on marketing is not expensed: it is converted into another asset ("subscriber acquisition assets, net") on a company's balance sheet. This presentation of net income is prohibited by the Financial Accounting Standards Board, arbiters of GAAP (Generally Accepted Accounting Principles) in the United States. In GAAP, marketing expenses may be accrued in some situations as prepaid expenses, but only amortized in special cases. Deferred acquisition costs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell 2000
The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 stocks in the Russell Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG). Overview The Russell 2000 is by far the most common benchmark for mutual funds that identify themselves as "small-cap", while the S&P 500 index is used primarily for large capitalization stocks. It is the most widely quoted measure of the overall performance of small-cap to mid-cap company shares. It is commonly considered an indicator of the U.S. economy due to its focus on small-cap companies in the U.S. market. The index represents approximately 7% of the total market capitalization of the Russell 3000 Index. , the weighted average market capitalization of a company in the index is approximately $3.65 billion and the median market capitalization is approximately $0.99 billion. The market cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seed Money
Seed money, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests that this is a very early investment, meant to support the business until it can generate cash of its own (see cash flow), or until it is ready for further investments. Seed money options include friends and family funding, seed venture capital funds, angel funding, and crowdfunding. Usage Traditionally, companies that have yet to meet listing requirements or qualify for bank loans, recognize VC as providers of financial support and value added services. Seed money can be used to pay for preliminary operations such as market research and product development. Investors can be the founders themselves, using savings and loans. They can be family members and friends of the founders. Investors can also be outside angel investors, venture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CREDIT SUISSE GROUP
Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration was yet to be completed, both banks are operating separately. However, on May 31, 2024, it was announced that Credit Suisse ceased to exist. Headquartered in Zürich, as a standalone firm, it maintained offices in all major financial centres around the world and provided services in investment banking, private banking, asset management, and shared services. It was known for strict Bank secrecy, bank–client confidentiality and Banking in Switzerland, banking secrecy. The Financial Stability Board considered it to be a Systemically important financial institution, global systemically important bank. Credit Suisse was also a primary dealer and Forex counterparty of the Federal Reserve in the United States. Credit Suisse was founded in 185 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs Group
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the ''Fortune'' 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
