The Groupon Disaster - A Case Study for Entrepreneurs

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The Groupon Disaster - A Case Study for Entrepreneurs

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Күн бұрын

Subscribe to Valuetainment: bit.ly/2aPEwD4 Groupon Case Study for Entrepreneurs- The Biz Doc, Tom Ellsworth dives into case study #5 with a lesson on business models and reputation management. This lesson is derived from the pioneer of digital marketing you may know as Groupon.
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Grab your notebook, take notes and join the conversation as Valuetainment brings you case studies with The Biz Doc - a new way to learn entrepreneurial lessons. Please subscribe, comment and share to help educate entrepreneurs from all over the world.
About Tom Ellsworth: THOMAS N. ELLSWORTH, is an experienced CEO / COO and veteran entrepreneur. He has been disrupting industries and driving consumer shifts through Venture-backed companies in technology, software development, publishing and mobile that have generated exits totaling over $1B. Watch the interview with Patrick Bet-David: • The Man Who Sold 4 Com...
Connect with Tom: / thomasellsworth
About: Groupon is an American worldwide e-commerce marketplace connecting millions of subscribers with local merchants by offering activities, travel, goods and services in more than 28 countries.
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Пікірлер: 454

@yampipampi 7 жыл бұрын

Tom, once you hit 50-100 case studies here (It will happen!) Valuetainment needs to put out a book with all of them - The Biz Doc's Case Studies.

@VALUETAINMENT 7 жыл бұрын

+Anuroop Kumar I love that idea! - Thanks - Tom

@cheftreana 5 жыл бұрын

I'm secretly listening to your videos while I'm sitting in a boring production meeting. Watching your videos is much more productive. Great job!

@urvishbhatt6730 7 жыл бұрын

when someone asks me what you study, I say I do my MBA from VALUETAINMENT

@VALUETAINMENT 7 жыл бұрын

+Urvish Bhatt - that is our goal and I appreciate you said it. - Tom

@christopherpurcell490 6 жыл бұрын

if you guys do offer an MBA I'm game

@Ben-yj8ye 6 жыл бұрын

I'm not into business but I watch these videos because they are interesting. They also teach lessons on how things can go wrong/right, and you can apply them to other kinds of situations, not just in business.

@healthguy79 6 жыл бұрын

I used to work for Groupon as Business Development Manager. It failed because they were greedy and did not put the vendor's interest first. It was profit before anyone's well being, and I say this as an insider that negotiated deals with vendors first hand that worked for Groupon for 4 years

@TheAvira123 3 жыл бұрын

Hey Nazeem. Are you available to chat on fb messenger? I am currently working on a similar project but this video just got me to step on my emergency breaks and reasses things.

@Tommmmmmmmmmmm 3 жыл бұрын

@@TheAvira123 what's your idea? im also working on something similar.

@skateboardervans 7 жыл бұрын

I absolutely love this guy, usually I hate lectures / long talks but this guy I happily listen to. absolute talent! Keep it up :)

@VALUETAINMENT 7 жыл бұрын

+skateboardervans thank you so much - Tom

@christiaanoosterveen8528 2 жыл бұрын

Interesting food for thought. So investors saw this as an existing business model and didn't realize that it wasn't on the marketing/behavior side. Fascinating how VC's can make decisions and don't ask "who is adding value to who".

@lynch8418 7 жыл бұрын

I hope everyone realizes how valuable these case studies are. Thanks Tom!

@VALUETAINMENT 7 жыл бұрын

+Cami Forgiven - I appreciate your comment. Have a happy new year. - Tom

@jackli8088 6 жыл бұрын

i m a merchant and i own a restaurant. groupon had approached me multiple times try to set me for some deals. after talking to them i decided not to go forward. first and the most important issue is the cost. groupon ONLY allow me to do a 50% off deal, and they will take 25% cut and only leave me with 25%. which mean if i sold 100 on groupon, i only get to keep 25bucks. that mean i will lose 60buck everytime i sold 100 because my profit margin is only 15%. as a smart business owner that is a NONO. groupon will ONLY work for new business that need to build up their customer base FAST. and merchant will only do it 1-2 times at the MOST, its because what merchant want is to have customer to come to your door. yes you will pay someone to bring customer to your door, but only for the FIRST TIME. this is why all the business owner i know will only run groupon 2-3time at the most. because groupon have the same customer base there is NO POINT to pay someone to bring in the same customers who already know your business. anyway i just want to share my story, and i m not sure if groupon had changed since then. i just never bother to talk to them again.

@Mplessor 5 жыл бұрын

Young entrepreneur here. I just discovered this video series and they are very informative. Thank you!

@rayp667 6 жыл бұрын

A bad business model can sink the ship.....I love your case studies and book recommendation. I have been trying to adjust my business model and I found golden nuggets to be applied. Thank you, Tom

@skyemasterson1111 6 жыл бұрын

I have a very small Limo company here in SF Bay, Ca. Groupon contacted, out of the blue, to join up. I would double my sales-volume, they said. Now, I normally charge about $55.00 from SFO to Downtown SF........Groupon offers the rider, 50% off, that leaves $27.50. Groupon gets about 55% of the $27.50, that's leaves me a net of $12.37. At that rate, it won't even cover the gas for my Chevy Suburban. So, after about 4 phone calls and emails of hard sell, I told her, look, I simply can't afford to work with Groupon. No amount of volume would make it palatable.

@ser-hanga 6 жыл бұрын

I can't imagine that I lived a life without the Biz Doc.

@marco-cartlift 7 жыл бұрын

Awesome case study, crazy how someone can turn down 6B...

@VALUETAINMENT 7 жыл бұрын

+The eCom Project - A painful lesson for sure. - Tom

@marco-cartlift 7 жыл бұрын

Urjit Bhosale haha thanks man :)

@pranavneyveli2039 6 жыл бұрын

They just may not have wanted to sell the whole company

@coreygraham860 6 жыл бұрын

I could see that with a business that is scalable, which a digital coupon business is arguably not.

@Ttvmushygushy 6 жыл бұрын

You can't knock them for not taking 6 billion dollars, they had faith in their company. Imagine if a social media giant sold themselves short.

@koreishite 7 жыл бұрын

I hope you'll reach the one million subscription one day cause your videos and program are really worth watching.Good luck

@VALUETAINMENT 7 жыл бұрын

+koreishite - thanks for the kind words. - Tom

@Arrowmania 5 жыл бұрын

Me and the misses both stopped using Groupon after being bitten multiple times. For example I bought 5 carwashes at a local carwash place (not my normal place so that business got my custom). However turning up at that place and not being able to put money in the barrier, had to get the attention of the staff who weren't there, did not try again 3rd time. Similar experiences with restaurants and others, they just didn't treat groupon customers as well as regular customers.

@waffles1567 6 жыл бұрын

Love these videos, great information, really focused investors on looking deep into the financials and past they hype. Also no 2minute long in video sponsorships that are just unskipable ads !! Thank God. Keep up the amazing work

@ajaykandhari 6 жыл бұрын

Digital coupons is a thing even today but the difference is, they do not need any mediator now. They themselves send coupons to their existing database and things spread with word of mouth. Ex - Food delivery apps offer coupons via their apps and mail and everytime I get a coupon it tempts me to order via them. So all and all digital coupons still works but not the groupon way.

@dreamsky2288 6 жыл бұрын

Not sure if this should even be considered a failure, a company that started off small and ended up stabilizing at 2 billion valuation. That is really not bad at all

@Hashdollars 6 жыл бұрын

Kev.CKL Revenue: US$2.84 billion (2017) Net income: US$14.04 million (2017) , that is not a successful business, that’s a crime.

@zwagig1761 6 жыл бұрын

People say many things that if you succeed you could have sold yourself short or maybe you should have taken the deal. Honestly, nobody knows what is the best option. For me, it is better to have a big bag of money in hand now than to anticipate a bigger truckload of money in the future. Nobody wants to fail but very few succeed. Better to be a short success than to be a big failure.

@UNASHAMEDIMAGING 7 жыл бұрын

Watched this twice because I never knew this about Groupon, but it also taught me about growing with the times.

@VALUETAINMENT 7 жыл бұрын

+UNASHAMEDIMAGING - there you go, that's exactly the attitude to have. - Tom

@aegisofhonor 6 жыл бұрын

the fact is, digital coupons have been most successful in house, meaning the companies selling the products themselves offer digital coupons, create the coupon apps and offer the deals themselves or under an umbrella company. This lets them control their offerings and market share and cut out middlemen coupon sites like Groupon.

@huckfin1598 6 жыл бұрын

You're so wrong. Their problem was they moved on from having the groupon unlock and only activate if they sold a certain amount of groupons. Once they made it so all groupons were live all the time they lost the proprietary "social" aspect and made it something that anyone with internet email, app or website can replicate. How is this so hard to understand?

@santiagomunez1723 3 жыл бұрын

Hi TOM, I don't remember how i end up here. But your stuff is very educative and enjoyable. I watch it till the end. Good job tom. Succes.

@Apachedownunder 7 жыл бұрын

This Case Study is absolutely GOLD , BEST youtube channel! Thank you guys ,

@VALUETAINMENT 7 жыл бұрын

+Salman Ali Thank You!! That's our goal!! - Tom

@wellesradio 6 жыл бұрын

I think Groupon does work well for athletic classes and groups, so long as the price jump isn't too high and you get a bonus for continuing. It has to be the kind of business that gets you "hooked" and requires a long term commitment to be of benefit.

@kirko0176 7 жыл бұрын

These are awesome, and very informative, please keep doing them.

@VALUETAINMENT 7 жыл бұрын

+Kirk K absolutely. See you every Friday. - Tom

@kizitonantcha4369 7 жыл бұрын

I always thought that Groupon business model was not that great. Especially the way they treated their vendors. Last month they close Groupon South Africa and they selling it to another company. Thank you again for this awesome case study.

@VALUETAINMENT 7 жыл бұрын

+Kizito Nantcha thank you for adding that, you were absolutely correct. - Tom

@versastyledio 7 жыл бұрын

Awesome. Was not aware about the Google takeover bid. Can you do a video about Kodak and why they disappeared from the photography industry?

@VALUETAINMENT 7 жыл бұрын

+Diogène Ntirandekura -Yes, Kodak would be a great case study. - Tom

@itsrockitt 7 жыл бұрын

Yeah let's see that one

@johnv1684 7 жыл бұрын

Peter Diamantis in his book "Bold" does a nice case study on Kodak and how hubris stopped them from seeing the future in pixels.

@sreeramv112 5 жыл бұрын

I think you are doing a fantastic job with these videos. All the very best and thank you!

@dopemusic6414 7 жыл бұрын

Looking back I agree with you, the decision not to sell was a huge mistake. But at the time I don't think the choice was as simple as it appears now, remember Yahoo offered Mark $1bn for Facebook? at that time Mark faced huge pressure from the board and his team to take it, but he refused. Had Facebook flopped, we would probably be studying his case study today lol. So while it looks obvious when hindsight is 20/20, at the actual moment it's very easy to see an alternative to the obvious choice. PS an infamous brothers from Germany called Samwer brother created a clone of Groupon called CityDeal and sold it back to Groupon for $170m I believe in 2010. Great presentation as always thank you.

@VALUETAINMENT 7 жыл бұрын

+STIKKAR I love the comment and the extra detail that you've provided for everyone to read. These case studies cause us to think deeply and bring up details that we saw and know from other companies such as Facebook. I appreciate the point that you brought up. I still think that Mark was far more structured and in control of a good enterprise versus Groupon. But you are correct if things were different, we could be doing the Facebook case study! Thanks again see you next Friday with a new case study - Tom

@letyjay9715 5 жыл бұрын

i think theres a difference between 1 billion and 6 billion. not sure how long facebook was around when the deal was presented, but to be honest 6 billion for less than 2 years work? that to me seems like a no brainer, especially in IT world where someone else will come up with something cooler and more clever than yours. why risk it ?

@homebusinessdad 6 жыл бұрын

11:18 "There is a special technical word when your stock drops 85% in one year, from your IPO....that word is DAAAAAAMN!!!!!" looooool THAT WAS FUNNY!! I really was waiting for that technical word....lol Biz Doc, got jokes....!!!

@ericbaeresi6206 Жыл бұрын

Splendid and insightful. Truly the best content on the internet for entrepreneurs. Many thanks Valuetainment!

@henrytang2203 6 жыл бұрын

Groupon ads is a great way to cheapen your business' image and have increased sales at negative margins. It gets customers used to ridiculously cheap restaurant meals, only for them to never come back when prices revert to normal. They also take 50% of the advertiser's revenue after the discount has been applied. Once you analyse Groupon from the perspective of it's customers, it's not hard to tell if it's stock is worth buying.

@gmmay70 6 жыл бұрын

Merchants don't like promoting their businesses with deep discounts, which is how Groupon sells their model to merchs. Most merchs that have been burned by Groupon have figured out by now that they aren't winning new customers who are going to come in and pay full price, but people who are only going to come in when they get a 50% off Groupon. And since Groupon takes a cut of the sale, the merch isn't taking a 50% hit, but up to a 75% hit on their retail price. In the restaurant biz, where you're doing well to take home 10% of full price, Groupons are a killer.

@harshwardhang8188 6 жыл бұрын

Thank you so much Mr. Ellsworth, for providing us all the insights.

@jasonmiddleweek1509 6 жыл бұрын

The thing is after 8 years Groupon is still worth 2 billion; or more than 99 percent of companies. So even if they didn't get to the very top they are still a profitable business - a success. The trouble with this synopsis it might put people off doing anything unless they get to the very top. Anyway, good point - take the 6 billion

@blackleague212 2 жыл бұрын

11:22 someone doing a case study on Elons buy of twitter needs to use this clip as a meme. lmao I spilled my tea hearing this. A burst of unexpected humor, I love it!

@ssw84 5 жыл бұрын

Around 2014, my family was offered a chance to be a merchant on Groupon what really stuck out was that Groupon (Singapore) kept all the money from people who bought our coupons and we only got the money IF and when someone redeems the coupon. Groupon got to keep the unclaimed coupon fees.

@toddboothbee1361 6 жыл бұрын

Knew Andrew Mason and his wife, Jenny Gillespie (mostly knew her), just before and a little after Groupon went public. They were into music and poetry, and Jenny had a wicked sense of humor and played us some of her naughty songs; both wife and husband were highly idealistic and rather magical in their thinking, so it seemed. I didn't know at that time Andrew was in business, much less he was a CEO who turned down 6B. They aren't billionaires now, but I believe that they are still rich. And now parents. Love these case studies!

@melanholly 6 жыл бұрын

Tom this business model generation book is really great and they study how companies are creating innovative business models and create better businesses. Thank you for recommending it .

@megaunknown400 7 жыл бұрын

Man i love these case studies, thank you Mr.Ellsworth

@VALUETAINMENT 7 жыл бұрын

+Aztec Lordu - thank you for watching. - Tom

@AndrewSaul77 6 жыл бұрын

This is a great case study about the failure of Groupon. However there's a key point here about the 6 billion offer that wasn't discussed: venture capital terms. Venture capital terms are often terrible for the people who own stock (i.e. people who built the company). Even if Groupon had sold to Google there's a good chance most of the stock holders would've received very little. In that case it's not so much the board turned down 6 billion but that they may have turned down something much less to aim for a lot more from an IPO. Framed like that it's not such a silly decision.

@jab0lpunk 7 жыл бұрын

Friday ☑ Tom in F1 shirt ☑ Great case study ☑ Book recomendation ☑ I SAY YES!

@VALUETAINMENT 7 жыл бұрын

+jab0lpunk - ☑️Great Viewers ☑️ Great Comments Yes!! - Tom

@Shystichu 7 жыл бұрын

lol, this is my first viewing of Valuetainment's case studies - I love this guy! And wow @ groupon... how does one turn down a deal from Google - 6 billion dollar deal? Hurts my brain trying to wrap my mind around it. Thanks for the book reference, I'm definitely going to read it and study more about various business models and stories like these!

@VALUETAINMENT 7 жыл бұрын

+Dreighen Thanks! Glad the book is helpful! - Tom

@ivethpacheco5102 3 жыл бұрын

You saved my life and my assignment right noww!!!

@Callus1234 6 жыл бұрын

One thing I noticed was when Groupon first started in my area you could get some great deals. I used it for a vacation at the beach and was only paying $40-50 a night for a great room. Now when I check it it is the same price as any other site

@alpenjon 6 жыл бұрын

Entirely not my field, but your videos are still very entertaining and educational to me. Well done!

@100ralfus 7 жыл бұрын

great stuff man. this kind of content separates the entrepreneurs from people who just like the IDEA of it. This is REAL!

@VALUETAINMENT 7 жыл бұрын

+Rafi - awesome comment! "REAL" is where profitable businesses live! - Tom

@slow_slow2713 6 жыл бұрын

The main idea.... Always take Google's money

@justjimmy8939 7 жыл бұрын

Omg 😱😱😱 imagine being offered 6 billion only 2 years in 😭😭😭

@VALUETAINMENT 7 жыл бұрын

+Just Jimmy yes indeed, now imagine not taking it. - Tom

@justjimmy8939 7 жыл бұрын

VALUETAINMENT I know it's a tragedy

@ashwinpathak4010 6 жыл бұрын

That $6 bn deal was crap and they proved it with a massive IPO. Only thing entrepreneurs must learn is, being entrepreneur does not mean being a CEO, hire someone else if you can't handle it.

@stephenjohn8229 7 жыл бұрын

Nice video. Just keep them coming. I learn a lot with these videos.

@VALUETAINMENT 7 жыл бұрын

+Stephen John thank you for the nice comment. See you every Friday with the new case study. - Tom

@jamesmcginn6291 7 жыл бұрын

Excellent education on being aware of the central importance of verifying RECURRING revenues.

@PaanoTheTagalogHowToChannel 6 жыл бұрын

You should start your own separate channel for the biz doc case studies. I would definitely subscribe!

@mateom7056 3 жыл бұрын

Amazing case study! One of my favourites! Up late Saturday night studying business case studies 💪🏽

@NavShay 6 жыл бұрын

They got very greedy not only with Google deal, but with the business itself. They had to lower their margin and adapt to the clients needs. It's doing better now

@travelingkaspersworld4096 5 жыл бұрын

The knee jerk reaction is to think that the six billion offer was cash right now. I suspect it had many strings attached. Your point to highlight the business model is well taken. Thank you for this video. Actually, Thank you twice for this video...You make a good point

@MGabz-fx4rb 6 жыл бұрын

Hi Tom. This is the second video of yours that I am watching and would like to thank you for the time taken to make this informative video. Really insightfull and well illustrated!!! I don't usually comment on videos, but this is worth it. Looking foward to more

@DannyGrubs 6 жыл бұрын

Thanks for the awesome case study!!

@erikschaepers 3 жыл бұрын

Interesting analysis. We should not forget the importance of cultural habits, neither: your grandma used to get little sticky stamps and she put them in a little booklet, and once it was full, she got to choose some goodies at the supermarket . A zero sum game called "customer engagement". Groupon is no different. Of course it is nice to get a pizza for half the price - but you have to spend time and effort in order to get it: again, a zero sum game. Those are not even business models - the sum of all that activity is not any value whatsoever being created - the sum of all the flurry is zero.

@jasperdalesamaniego6504 6 жыл бұрын

Wow... i didnt know that such company exist.. company for coupons.. i think when you are a new company.. being with groupon can help tremendouslly when it comes to making your product and services known to market.. i see alot of possibilities..

@allabakashs 7 жыл бұрын

Awesome one once again. Thank you Tom.

@VALUETAINMENT 7 жыл бұрын

+Allabakash Shaik thank you very much, I appreciate that you're coming back to watch again. - Tom

@lasithchandupa 6 ай бұрын

Awesomely presented ❤

@bryskiewiczr 7 жыл бұрын

That was a very pleasant material to watch and I'll definitely be staying for more, Tom. I have subscribed to this channel.

@cryptoslice7459 6 жыл бұрын

i love groupon i use the app all the time

@maxwellranasinghemx622 3 жыл бұрын

good presentation. I like the way you make your presentation. Great skill of making it interesting.

@davidjohnson8655 6 жыл бұрын

My company used Groupon, and it was highly controversial. Our company would have to lose money on every job with a Groupon coupon, and we didn't have a single repeat customer from it. Its great for consumers, but they decieve the businesses in to thinking they will get consistent repeat business. May not apply to every industry, but it did to ours.

@JavierMartinez-yc1oi 7 жыл бұрын

Tom is a GENIUS!! Love these case studies. Keep it up!!

@VALUETAINMENT 7 жыл бұрын

+Javier Martinez - thank you for that see you every Friday with the new case study - Tom

@tonyromero2719 6 жыл бұрын

Love these case studies, short + factual + great insights, keep it up!

@kamsanihussein 7 жыл бұрын

You're AWESOME Tom Ellsworth! :D

@VALUETAINMENT 7 жыл бұрын

+Kamsani Hussein Thank you very much! - Tom

@the1kimkelley 6 жыл бұрын

I think socially we just got tired of the price game. It's such a waste of time to look for a deal when u can go somewhere that there proves are right from the beginning

@darod6098 6 жыл бұрын

Great content! Just to say, in June 2006, two years since Facebook started, Yahoo offered them 1 billion dollars to buy the company and most of Facebook's executives wanted to sell, but Mark refused it.. What would happened if Facebook just said "yes"? Saying "yes" to a billion/s dollar offer is not always the correct decision. In the case of Groupon, accepting would have been the right choice, of course.

@JackIsNotInTheBox 5 жыл бұрын

I remember using Groupon once.

@simplefamilylife9512 2 жыл бұрын

It was interesting to know. Thanks.

@typeofguyto Жыл бұрын

The whole point of creating a business is to become financially free. The fact that they were too greedy to accept 6 billion is ridiculous to me. Even if they wanted to keep growing a business they can start a new one with what they made idk what tf they were thinking

@lynxhexagon 2 жыл бұрын

Hai Tom, this is really mind-opening for me. I totally agreed with your opinion on the business model for both Groupon and Living Social.

@Offa7a 6 жыл бұрын

It’s so much easier to look back and analyze

@savorthepassion 6 жыл бұрын

So glad I watched this video today. By tomorrow afternoon I'll have this book or at least on its way. A lot of my model I know is in the right space, but specifically pricing, that's been a little difficult, but it's getting there.

@sudharsansathiamoorthy1075 6 жыл бұрын

Excellent case study!! waiting this for long time!!

@SunriseInParadise 7 жыл бұрын

Tom, great job! loving the case studies. So many great lessons, and you've only just started. looking forward to many more to come. Thanks for helping us entrepreneurs find our way in the business world that is peppered with land mines.

@VALUETAINMENT 7 жыл бұрын

+Christian R. You are welcome! - Tom

@GoldenSpoons 6 жыл бұрын

Great video, however, I think there is a bit of a misunderstanding. Groupons aren't coupons, they are paid for vouchers. While they have changed the model slightly to include cashback with a kickback today, originally it was all paid for vouchers. Ergo you pay $10 for a voucher worth 2 medium pizzas at X pizza shop. They don't just blast coupons, there was an exchange of funds in obtaining the said voucher. While the margins I'm sure are top secret, I would presume the merchant would receive a fraction of the sale to fulfill the voucher and Groupon would take their cut at the time of the sale of the voucher itself.

@alboboy1992 7 жыл бұрын

I'm 22 and when I was 19 I bought a business that was doing 11,000$ a month and increased it to 17,000$ a month in 15months. I've never found a channel that every video I watch, I like, not only like, I feel compelled to like and share the videos. Great, great content. I know you will reach 1million subs by 2017

@VALUETAINMENT 7 жыл бұрын

+ylber t - thank you for that vision. I hope you are absolutely correct. - Tom

@WorldPrestige 6 жыл бұрын

These video are great man! Love them!

@karttickrajan4997 7 жыл бұрын

It will be more lesson's can be learned from failed business model, so if can talked about failed business, tq Tom

@VALUETAINMENT 7 жыл бұрын

+karttick rajan - thank you for that comment. Yes, I think I could do a case study on failed business models and cover more than one company in that case study. The business model is so important. Go pick up that book and add it to your library. (FYI - I didn't write the book and I don't have a deal with the author it's just a great book for startups). - Tom

@PoetaProfundo 7 жыл бұрын

Fascinating... That whole convo of "vanity stats" really got my attention. Thank you!

@VALUETAINMENT 7 жыл бұрын

+joshuaogaldez thank you for that comment, that's an important lesson that was inside this case study: "Vanity stats" are ALL SHOW and don't reflect a real business model! - Tom

@ElementAthletic604 6 жыл бұрын

Hey Tom, you're a fantastic orator and educator! Thanks for the great video brother!

@delaylamma7434 2 жыл бұрын

“When I hear someone drops 6B$ I need a drink”

@pecenak21 7 жыл бұрын

Hey Tom, super interesting! This series becomes more compelling each week. I like the mix of successful and failing companies you have been giving. My only comment would be to try to give a short glimpse of the future for these companies based on your extensive knowledge.

@VALUETAINMENT 7 жыл бұрын

+pecenak21 - I think that's a great point. A little glimpse of a future forecast would be interesting to add. I appreciate the comment. - Tom

@joelow63 7 жыл бұрын

u have to have a right business model dont copy a failed business model (have a business model that they keep on coming back) dont be greedy investments are called series starts with a then b c d e and so on sometimes in business its best to play it safe it the offer you a rediculous amount of money ■TAKE IT when u just start off■

@thomasburgess4834 7 жыл бұрын

Great Video, I knew nothing before it.

@VALUETAINMENT 7 жыл бұрын

+Thomas Burgess - we want you to learn more that helps you in the business you're going to create tomorrow or the one you're running today. - Tom

@eleones 6 жыл бұрын

👍🏼 😁 LOVE your channel. Wish it were around when I was getting my MBA. 😜 Thanks!

@CGoody564 6 жыл бұрын

I get someone being attached the company they created from the group up, and wanting to be in control of it... However, if you are a fairly new business and Google offers to invest 6 billion dollars, you should probably take it.

@elishawatkins4835 7 жыл бұрын

$6billion. ouch

@VALUETAINMENT 7 жыл бұрын

+Elisha Watkins - Yep. A massssive dumb decision. - Tom

@xrayban2 6 жыл бұрын

[Warning : I know nothing about this but I have a good imagination] It's dumb from our nowadays perspective. If someone serioulsy offers me 1 million € for my car I'll first stop and think "hey, why would he ? where's the trick ?" Plus if you are in your 20s and really believe in your idea, and think that your sudden fame is right, then why sell it so fast ? COO may just leave because the Google deal was missed. And last but not least the company was worth $12 billion after this, and investors were not all stupid.

@NunYa953 6 жыл бұрын

Google may have offered $6 billion, but I don't think the deal would've closed after due diligence.

@kristianmarius9281 6 жыл бұрын

Man What a Great And Amusant Video !!!! The moment you've drinked that Glass of Water, Plicelesss !!!! . Much love.

@cameronperry3713 7 жыл бұрын

Goldman Sachs Case study would be great!

@VALUETAINMENT 7 жыл бұрын

+Cameron Perry interesting. Which angle inside Goldman Sachs would you like to look at? - Tom

@cameronperry3713 7 жыл бұрын

VALUETAINMENT As a future entrepreneur, It would be cool to understand how to still remain one of the richest organizations in the world with no marketing or advertisement.

@guppy0112 6 жыл бұрын

Cameron Perry - Hi- that's because Investment Houses are mainly Business to Business institutions, rather than Business to Consumer. Hence, why spend millions advertising to the masses?

@zonghuihue1163 6 жыл бұрын

wait did u ever do this

@ecsyntric 6 жыл бұрын

google's 6B offer would of course have been contingent upon the due diligence outcome. pretty sure they would have revised it down to $3B after reviewing groupon's "math"