Quote

Groupon as a company - it's built into the business model - is about surprise. A new deal that surprises you every day. We've carried that over to our brand, in the writing and the marketing that we do, and in the internal corporate culture.

The popularity of Groupon has almost rendered the group-buying element of it obsolete, because we're able to deliver so many customers that the merchants are very happy with even the smallest number that we can provide.

Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.

A lot of what Groupon is generating is demand for something people didn't know they wanted.

Groupon has some interesting assets.

Groupon's model: Getting the group discount rate first, finding the group second. The daily deal goes out and, if a minimum number of people sign up, they can all share in the group rate. Vendor gets customers, customers get a discount, Groupon gets a cut.

Groupon is a great concept packaged in a superb name, but the concept of group discounts is not new.

Building product is not about having a large team to manage. It is about having a small team with the right people on it.

There's no single company in the whole world that has a big-scale production base and at the same time has screening and distribution channels. Wanda Group is the first one in the world.

There are so many great things about this business. Almost everybody is on the same team. It is all for one-friendly competitiveness. No one is out to hurt anyone.