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Re:Groupon Restates Revenue, Revenue Fell In Half, COO Exits by jonnathanson on Friday September 23, 2011 @07:55PM (#3032048)
Agreed. It's certainly not unheard of, or even necessarily unsavory, for founders and early-stage investors to take some profit off the table in later financing rounds. Since Groupon received HUGE financing prior to IPO, taking $382mm out might not have amounted to a giant percentage. Then again, it may have. But the percentage is indeed the more interesting figure.

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