said 1 year, 5 months ago:
Hi Rich and Jeff,
The Daily Deal industry is the fastest growing industry ever. Groupon and Living Social are the top players in the industry. The business model was very easy to clone, which produced a few thousand other sites globally. Many that received funding and were able scale.
Both Groupon and Living Social are in about 40 countries and in 500+ different markets. Groupon just had an IPO valuation of $17 Billion and Living Social has recently been valued at $6 Billion, they are both about 3 years old.
The merchant is not taking advantage of social media as much as they should.The whole industry is changing, adding new technologies everyday. The Daily Deal industry is about to collide with Extreme Couponing/Mobile Coupons via smart phones.