The venture community has started to pile into the space with Accel leading a $30mm round in Groupon and Living Social raising an additional $5mm from VCs. Rue La La was having its leg humped by PE firms as it sold out to GSI for $350mm. Several other Sites are in the process of being funded. […]
The early successes of Gilt and Groupon have spawned loads of copycats and fast followers. The Groupon approach in particular is being ripped-off shamelessly.
Thoughtful post by Todd Dagres on private sale sites. My work at CroudSprout was a little too early to get my leg humped, I guess :-) (via alexbain)
@Bain, Didn’t I do enough leg humping to wag your tail? Maybe if Spark took a risk with CrowdSprout in 2009, they wouldn’t have to now compete with Sequoia, Kleiner Perkin, or Matrix.