Is There a Bubble with Groupon, LivingSocial Copy Cats?
LivingSocial’s recent $400 million fundraising is causing some to wonder if there is a bubble in the daily deals sectors. Ben Choi, a principal with Maveron, doesn’t think there is one when you are referring to market leaders Groupon or LivingSocial. “There is fundamental value in these businesses which have strong cash flow,” he said. Choi was speaking Wednesday at the first ever Daily Deal Summit in New York.
6 April 2011•3 mins read
