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A comment on Groupon updates IPO filing, admits it's unprofitable. Parent comment

Re:Groupon updates IPO filing, admits it's unprofitable by jonknee on Wednesday August 10, 2011 @04:34PM (#2870072)
Who's to say the IPO will be successful? The suits will have to keep their shares for a bit, plenty of time for the whole mess to unfold. Plus, Groupon raised a ton of VC ($950M) after turning down Google's offer. Factoring in dilution, it won't take a drastically bad IPO to make $6B in-hand look like a steal.
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Re:Groupon updates IPO filing, admits it's unprofitable by staunch on Wednesday August 10, 2011 @04:45PM (#2870105)
Hundreds of millions of dollars already went to the founders. The only risk is whether they'll be super rich or ultra super rich.
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Re:Groupon updates IPO filing, admits it's unprofitable by teej on Wednesday August 10, 2011 @06:45PM (#2870535)
Incorrect. Tens of millions of dollars already went to founders. Only investors cashed out in the 9 figure range. [1]

That's a huge difference, especially considering that Groupon fancies itself a $30B company.

[1] - http://www.businessinsider.com/the-millions-of-dollars-group...

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Re:Groupon updates IPO filing, admits it's unprofitable by staunch on Wednesday August 10, 2011 @07:09PM (#2870613)
Nope. Groupon was started by Andrew Mason and Eric Lefkofsky (who also put up the first money). Eric Lefkofsky through his investment shells^Wcompanies took more money out than anyone else.
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Re:Groupon updates IPO filing, admits it's unprofitable by jonknee on Wednesday August 10, 2011 @05:02PM (#2870174)
There are more stakeholders in the company than the founders.
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Re:Groupon updates IPO filing, admits it's unprofitable by staunch on Wednesday August 10, 2011 @05:33PM (#2870301)
Sure, but the founders (and the rest of the board) made the decision not to sell. You can call them fools, but they're laughing all the way to the bank.
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Re:Groupon updates IPO filing, admits it's unprofitable by jonknee on Wednesday August 10, 2011 @07:13PM (#2870630)
Possibly laughing all the way to the bank, it could end up that Google was a much better deal.
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