Why Groupon needs to fail to save the internet
There is an opportunity to learn from our mistakes before they can do real damage. That opportunity is Groupon, and the opportunity presents itself in the form of an upcoming IPO that needs to fail for the sake of the rest of the internet. Sounds weird, I know, but hear me out. The GrouPonzi Scheme When Groupon was able to raise a billion dollars in funding, many (including me) applauded it as a sign of a company that was doing the right things with their money and demonstrating responsibility. Granted, it was based upon an assumption that the investors looked at the books and found them to be sound. Why…