Turning $1 million into $4 billion! - GoFuckYourself.com

DateDoc · 06-06-2011, 01:04 PM

The man who could make more than $4 billion from the initial public offering of Groupon Inc. is an 41-year-old, unassuming Midwesterner who got his start selling carpets on the street.

Eric Lefkofsky, who seeded Groupon with its first $1 million in 2008, shot to business fame this week when the e-commerce company filed for one of the most hotly-anticipated IPOs of the year. Mr. Lefkofsky was listed as Groupon's largest shareholder, with 21% of the shares--three times as much as Andrew Mason, the CEO and public face of the company.

If Groupon, which offers daily deals on goods and services to consumers in partnership with local merchants, is valued at the expected $20 billion or more, Mr. Lefkofsky's $1 million investment will be worth about $4 billion.

http://finance.yahoo.com/career-work...on-coupons-wsj

~Ray · 06-06-2011, 01:05 PM

awesome!

Houdini · 06-06-2011, 01:08 PM

Now that's a return! Nice.

djroof · 06-06-2011, 01:09 PM

real biz!

magicmike · 06-06-2011, 01:14 PM

Wow, thats pretty sweet.

cooldude7 · 06-06-2011, 01:17 PM

awesome., its real investment., sell it now., and again invest those 4 bil....

JFK · 06-06-2011, 01:19 PM

V_RocKs · 06-06-2011, 01:20 PM

Lucky he didn't give that money to facebook. They would haver diluted his shares in no time.

Zorgman · 06-06-2011, 05:37 PM

I seriously don't know how a site like Groupon can make that much money. Anyone explain where their income comes from?

Intrinsic · 06-06-2011, 05:40 PM

Quote:

Originally Posted by Zorgman

I seriously don't know how a site like Groupon can make that much money. Anyone explain where their income comes from?

Groupon takes 50%

If a groupon says $5 for $10 of popcorn, Groupon gets $2.50 per sale

ThatOtherGuy - BANNED FOR LIFE · 06-06-2011, 05:55 PM

Dayum....

Zorgman · 06-06-2011, 05:59 PM

I see. thanks

teomaxxx · 06-07-2011, 12:00 AM

Quote:

Originally Posted by Intrinsic

Groupon takes 50%

If a groupon says $5 for $10 of popcorn, Groupon gets $2.50 per sale

and if there is affiliate, the conditions for him are following:

Program Term: Groupon Standard Affiliate Program Terms (Mar 2011)

1. Action: Existing User
ActionCriteria Online Purchase by an existing user.
Action Referral Period 30 day(s)
Action Referral Occurrences Unlimited
Commission 2.00%
Locking Period - Standard Actions lock on the 10th of the month, unless extended.
Performance Incentive
For Total Sales Amount equal to or greater than $5,000.00 USD increase commission to 3.00% per action.
For Total Sales Amount equal to or greater than $10,000.00 USD increase commission to 4.00% per action.
For Total Sales Amount equal to or greater than $15,000.00 USD increase commission to 5.00% per action.

2. Action: New User
ActionCriteria Online Purchase by a new user.
Action Referral Period 30 day(s)
Action Referral Occurrences Unlimited
Commission 10.00%
Locking Period - Standard Actions lock on the 10th of the month, unless extended.
Performance Incentive
For Total Sales Amount equal to or greater than $1,500.00 USD increase commission to 11.00% per action.
For Total Sales Amount equal to or greater than $3,000.00 USD increase commission to 12.00% per action.
For Total Sales Amount equal to or greater than $4,500.00 USD increase commission to 13.00% per action.
For Total Sales Amount equal to or greater than $6,000.00 USD increase commission to 14.00% per action.
For Total Sales Amount equal to or greater than $7,500.00 USD increase commission to 15.00% per action.

its pitty, they have shitty geo-targeting - you have to pick your links and target them by yourself.geez we are in 2011, even shitty adult dating programs are using more advanced GEO-targetting then this multi-billion company.

camperjohn64 · 06-07-2011, 12:31 AM

Quote:

Originally Posted by Intrinsic

Groupon takes 50%

If a groupon says $5 for $10 of popcorn, Groupon gets $2.50 per sale

I work for a company that is building a website for "Groupon for Restaurants", and they are noticing that the Groupon model is already getting old.

ebay: sell a $100 item for $100+, pay ebay $4. Get $96+ for your $100 item.
Groupon, sell a $100 item for $50, pay groupon $25. Get $25 for your $100 item.

From this, Groupon is raking it in compared to ebay, but sellers are saying "fuck that" to the value of posting deals.

Because the company I work for is trying to build a Groupon knock-off, they've been looking at the groupon data, and have noticed that if you look at the return customers, there are really very few. Meaning: "lots of hype, try it once, never come back!"

SomeCreep · 06-07-2011, 12:34 AM

Quote:

Originally Posted by DateDoc

The man who could make more than $4 billion from the initial public offering of Groupon Inc. is an 41-year-old, unassuming Midwesterner who got his start selling carpets on the street.

Eric Lefkofsky, who seeded Groupon with its first $1 million in 2008, shot to business fame this week when the e-commerce company filed for one of the most hotly-anticipated IPOs of the year. Mr. Lefkofsky was listed as Groupon's largest shareholder, with 21% of the shares--three times as much as Andrew Mason, the CEO and public face of the company.

If Groupon, which offers daily deals on goods and services to consumers in partnership with local merchants, is valued at the expected $20 billion or more, Mr. Lefkofsky's $1 million investment will be worth about $4 billion.

http://finance.yahoo.com/career-work...on-coupons-wsj

Once one reads enough books on investing, one learns that these are exactly the types of stocks to avoid. I wouldn't touch that Groupon IPO with a ten foot pole. Simple intuition tells me, the company is not worth 20 billion dollars.

Axzar · 06-07-2011, 02:23 AM

Quote:

Originally Posted by camperjohn64

I work for a company that is building a website for "Groupon for Restaurants", and they are noticing that the Groupon model is already getting old.

It's already ten years old..It's called Restaurant.com

Oracle Porn · 06-07-2011, 03:30 AM

Around here those sites are very popular, in the last year maybe 50-100 new sites popped up, all offering daily "deals", some of them are actually good but most are crap...from what I hear they take in %18-%23, and I'm talking about a site that got bought by groupon for a couple of mil.

seeandsee · 06-07-2011, 03:56 AM

there is 20+ clones just in my small country, what is going in world who will know

TheDA · 06-07-2011, 04:18 AM

Buy all accounts Lefkofsky was already quite a wealthy guy. I don't think it will change him too much.

V_RocKs · 06-07-2011, 04:27 AM

Groupon will be like AOL.... They will go IPO, buy up other people and then their original business will be crap... But they will own Universal, Saab, Sony, BMW and a host of other businesses where people actually come back.

Mutt · 06-07-2011, 04:55 AM

Quote:

Originally Posted by camperjohn64

Because the company I work for is trying to build a Groupon knock-off, they've been looking at the groupon data, and have noticed that if you look at the return customers, there are really very few. Meaning: "lots of hype, try it once, never come back!"

first, how does the company you work for have 'groupon data'? and if it's true that the % of return visitors is low from Groupon then Groupon and its clones will be a fad. One thing though, small businesses are like small webmasters, desperate for customers/traffic, so they'll keep buying crap Groupon customers the way desperate webmasters still are buying and paying far too much for traffic from brokers and ad networks. Because the only other option is to watch your new business fail, as a good % of new small businesses do.

For many businesses Groupon is a can't lose marketing opportunity, if I own a bowling alley or a gym or a golf driving range and it's never filled on a weeknight I can do a Groupon offer for weeknights and even if I don't get one return customer it really didn't cost me anything.

I think Groupon will be a great opportunity to short sell - it's a cute idea that already has a thousand imitators.

fatfoo · 06-07-2011, 06:14 AM

He got his start selling carpets on the street. That's interesting. Selling carpets on the street is probably cheaper than selling carpets inside a store. Groupon seems like a successful e-commerce company. Congratulations, Groupon.

camperjohn64 · 06-07-2011, 07:04 AM

Quote:

Originally Posted by Mutt

first, how does the company you work for have 'groupon data'? and if it's true that the % of ...

Groupon published from their IPO.

georgeyw · 06-08-2011, 05:57 PM

Look up Nathan Tinkler - 500k to nearly 1 billion now and only 37

Adam_M · 06-08-2011, 07:11 PM

If he had a million to drop into a start up he was already doing OK I'm sure!

The Heron · 06-08-2011, 09:10 PM

Groupon is fucking dumb, anyone that values that at 20billion is even dumber

Socks · 06-08-2011, 10:11 PM

I know a guy who invested $400k in 1984 as startup capital for a company that later sold for $4B! He made out like a bandit.

camperjohn64 · 06-08-2011, 10:12 PM

Groupon is only in 8 cities. At $7 billion IPO, do these investors really think the website is worth ~1 billion per city?!?!?

06-06-2011, 01:04 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Turning $1 million into $4 billion! The man who could make more than $4 billion from the initial public offering of Groupon Inc. is an 41-year-old, unassuming Midwesterner who got his start selling carpets on the street. Eric Lefkofsky, who seeded Groupon with its first $1 million in 2008, shot to business fame this week when the e-commerce company filed for one of the most hotly-anticipated IPOs of the year. Mr. Lefkofsky was listed as Groupon's largest shareholder, with 21% of the shares--three times as much as Andrew Mason, the CEO and public face of the company. If Groupon, which offers daily deals on goods and services to consumers in partnership with local merchants, is valued at the expected $20 billion or more, Mr. Lefkofsky's $1 million investment will be worth about $4 billion. http://finance.yahoo.com/career-work...on-coupons-wsj __________________

06-06-2011, 01:05 PM	#2
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	awesome! __________________ Adult Backlinks for Adult Websites - Testimonials Available

06-06-2011, 01:14 PM	#5
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06-06-2011, 01:19 PM	#7
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	NICE __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

06-06-2011, 05:37 PM	#9
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	I seriously don't know how a site like Groupon can make that much money. Anyone explain where their income comes from? __________________ ---

06-06-2011, 01:08 PM	#3
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Now that's a return! Nice.

06-06-2011, 01:09 PM	#4
djroof JuicyDevils.gr Owner Industry Role: Join Date: Jan 2004 Location: Greece Posts: 25,375	real biz!

06-06-2011, 01:17 PM	#6
cooldude7 Confirmed User Industry Role: Join Date: Nov 2009 Location: Heaven Posts: 4,306	awesome., its real investment., sell it now., and again invest those 4 bil....

06-06-2011, 01:20 PM	#8
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,405	Lucky he didn't give that money to facebook. They would haver diluted his shares in no time.

06-06-2011, 05:55 PM	#11
ThatOtherGuy - BANNED FOR LIFE So Fucking Banned Industry Role: Join Date: Apr 2011 Posts: 1,241	Dayum....

06-06-2011, 05:59 PM	#12
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	I see. thanks __________________ ---

06-07-2011, 03:30 AM	#17
Oracle Porn Affiliate Industry Role: Join Date: Oct 2002 Location: Icq: 94-399-723 Posts: 24,433	Around here those sites are very popular, in the last year maybe 50-100 new sites popped up, all offering daily "deals", some of them are actually good but most are crap...from what I hear they take in %18-%23, and I'm talking about a site that got bought by groupon for a couple of mil. __________________

06-07-2011, 03:56 AM	#18
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	there is 20+ clones just in my small country, what is going in world who will know __________________ BUY MY SIG - 50$/Year Contact here

06-07-2011, 04:18 AM	#19
TheDA Confirmed User Industry Role: Join Date: May 2006 Posts: 4,665	Buy all accounts Lefkofsky was already quite a wealthy guy. I don't think it will change him too much.

06-07-2011, 04:27 AM	#20
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,405	Groupon will be like AOL.... They will go IPO, buy up other people and then their original business will be crap... But they will own Universal, Saab, Sony, BMW and a host of other businesses where people actually come back.

06-07-2011, 06:14 AM	#22
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	He got his start selling carpets on the street. That's interesting. Selling carpets on the street is probably cheaper than selling carpets inside a store. Groupon seems like a successful e-commerce company. Congratulations, Groupon. __________________ Send me an email: [email protected]

06-08-2011, 05:57 PM	#24
georgeyw 58008 53773 Industry Role: Join Date: Jul 2005 Location: Australia Posts: 9,864	Look up Nathan Tinkler - 500k to nearly 1 billion now and only 37

06-08-2011, 07:11 PM	#25
Adam_M Confirmed User Industry Role: Join Date: Mar 2006 Location: Australia Posts: 3,796	If he had a million to drop into a start up he was already doing OK I'm sure! __________________ DiscountedPorn.Com ReviewedPorn.com

06-08-2011, 09:10 PM	#26
The Heron Confirmed User Industry Role: Join Date: Apr 2001 Location: Michigan Posts: 4,487	Groupon is fucking dumb, anyone that values that at 20billion is even dumber

06-08-2011, 10:11 PM	#27
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	I know a guy who invested $400k in 1984 as startup capital for a company that later sold for $4B! He made out like a bandit.

06-08-2011, 10:12 PM	#28
camperjohn64 Confirmed User Industry Role: Join Date: Feb 2005 Location: Los Angeles Posts: 1,531	Groupon is only in 8 cities. At $7 billion IPO, do these investors really think the website is worth ~1 billion per city?!?!? __________________ www.gimmiegirlproductions.com