Sramana Mitra: I think I agree with you. You are saying that Groupon is the most significant. Groupon – and the others in that category, such as LivingSocial – is the more significant innovation in location-based coupon services in the recent generation. Tasso Roumeliotis: Yes, exactly. SM: What do you see as the impact of
Sramana Mitra: Who else plays in that space? Whom do you compete with? And are the applications only phone locating applications, or are there other applications you’re seeing emerge in that space? Tasso Roumeliotis: There are other ones. To answer your first question, the biggest competitor, by far, is a company called TCS. They’re the
By Sramana Mitra and Melanie Blake Deal Radar ends 2010 with a company that has made as many headlines this year as it has dollars – Groupon. Just a few weeks after turning down a $6 billion offer from Google, Groupon plans to raise $1 billion in private funds. First reported on VC Experts and
By guest author Praveen Kumar In a new flavor of the daily deals trend, FreeLunched works with retailers to offer promotional giveaways and allows users to post product reviews. While the original free lunch was just that – lunch, for those who bought a drink, in a custom thought to have begun in the saloons
LivingSocial is an online community that connects more than 85 million people and powers group buying through Deals, its social commerce program. Through Deals, LivingSocial users and their friends can save 50%–70% or more each day on restaurants, spas, sporting events, hotels, and other local attractions in major cities. The company is also the creator