"Groupon is the acme or nadir of this phenomenon,” Gibney emphasized, bringing up the fact that out of $15 billion of venture capital expenditure last year, one billion went into Groupon, “[This suggests] Groupon either is the best idea ever, –which may be true — or people don’t really know where to put that money."

Want A Piece Of Founders Fund’s Latest $625M Fund? Start By Trying To Change The World | TechCrunch

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