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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.

There are over 2,000 direct clones of the Groupon business model. However, there's an equal amount of proof that the barriers to success are enormous. In spite of all those competitors, only a handful are remotely relevant.

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

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

Groupon has some interesting assets.

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

We don't get groupies, well I don't see them, anyway. That was something that I always looked forward to and am constantly disappointed by the lack of!

Groupon, as you probably are by now aware, is exactly what it sounds like: a daily-deal site offering group discounts. Maybe you've seen that done before, but certainly not like Groupon, which has executed with an energetic sales force and engaging copywriters, many culled from the Chicago comedy scene.

Now it's easy for someone to set up a storefront and reach the entire world in very modest ways. So these technologies that we thought would dis-intermediate traditional sellers gave more people the tools to be sellers. It also changed the balance of power between sellers and buyers.