Tuesday, December 28, 2010

GroupOn capital raising

hmmmm i'm all for tech IPO's but this is crazy, i'm heading for the bomb shelter - this is now officially a bubble.


Is GroupOn the Pets.com of their time?

Can we get official printed GroupOn stock certificates? (i hear the pets.com certificates are worth a fair amount on ebay).


P.S. Someone just asked me what the "pets.com" reference was about - http://en.wikipedia.org/wiki/Pets.com

P.P.S this just announced - http://techcrunch.com/2010/12/30/groupon-insiders-345-million/
The founders / early investors took $345m of this capital raising in cash - WOW - I thought Dennis Crowley got street cred for doing something similar for Foursquare but that was only a couple of million between him and Naveen (which they deserved) but this is just robbery on a whole new level.

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