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A comment on Groupon has no viable business model. Parent comment

Re:Groupon has no viable business model by phereford on Wednesday August 17, 2011 @06:41PM (#2897251)
Sustainable means it doesn't hinder the business like a 50% off coupon and a 25% split on the revenue thereafter.

Most local businesses cant afford that and realize it too late.

The company I work for is thegolocalcard.com (won't plug it again on Hacker News...I promise).

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Re:Groupon has no viable business model by Rariel on Friday August 19, 2011 @10:54PM (#2905604)
How funny! I love golocal in Austin! You guys rock, really great company and concept. I like to use mine at Quacks.
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Re:Groupon has no viable business model by phereford on Friday August 19, 2011 @11:36PM (#2905658)
Haha! Money! I am developing an iPhone app for them and helping start GoLocal in Boston :).

The GoLocal Austin people are awesome and a half :)

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