This was certainly true for us at Livingsocial and, to an extent, it was true for Groupon as well.
The cash burn sucks, but you have to love the unit-level economics that this model provides. Want to turn on new revenue? - just open up another city!
The cash burn sucks, but you have to love the unit-level economics that this model provides. Want to turn on new revenue? - just open up another city!