2011 June Archive - The May Report

Archive for June, 2011

The May Report: 6/8/2011 [sic: 6/9/2011]: Part I of III: A reader, wishing to remain anonymous, points us to FASB Issue No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent (Reck, does that bring back memories of when you worked for a living?) and states that Groupon’s revenue in 2010 was really $280MM, not $713MM; and Forrester Research’s Sucharita Mulpuru says that Groupon is worth $2B, not $20B, and she adds that only $96MM of their 2010 revenue came from “organic growth” as opposed to acquisitions which have cost a lot of money; Friends of Mel Bergstein; Melanie, warrior princess, returns from the clouds to rain fiery hail on the soon to be charred Ed Domain — in plain English, Ed has removed embarrassing info from his new site; Am I happy that Julia was shown the door at Starbucks? Well, look at the cards she’s typed so far and you tell me; and Melanie, I’m still waiting for your cards; Shia Kapos mentions TMR in Crain’s

The May Report June 9th, 2011

The May Report: 6/8/2011 [sic: 6/9/2011]: Part I of III: A reader, wishing to remain anonymous, points us to FASB Issue No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent (Reck, does that bring back memories of when you worked for a living?) and states that Groupon’s revenue in 2010 was…

The May Report: 6/9/2011: Part III of III: Oops, I had the date wrong in Part I: A reader, wishing to remain anonymous, points us to FASB Issue No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent (Reck, does that bring back memories of when you worked for a living?) and states that Groupon’s revenue in 2010 was really $280MM, not $713MM; and Forrester Research’s Sucharita Mulpuru says that Groupon is worth $2B, not $20B, and she adds that only $96MM of their 2010 revenue came from “organic growth” as opposed to acquisitions which have cost a lot of money; Friends of Mel Bergstein; Melanie, warrior princess, returns from the clouds to rain fiery hail on the soon to be charred Ed Domain — in plain English, Ed has removed embarrassing info from his new site; Am I happy that Julia was shown the door at Starbucks? Well, look at the cards she’s typed so far and you tell me; and Melanie, I’m still waiting for your cards; Shia Kapos mentions TMR in Crain’s

The May Report June 9th, 2011

The May Report: 6/9/2011: Part III of III: Oops, I had the date wrong in Part I: A reader, wishing to remain anonymous, points us to FASB Issue No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent (Reck, does that bring back memories of when you worked for a living?) and…

The May Report: 6/6/2011: The social event of the season: Two tickets to The Richard H. Driehaus Summer Party, July 30th, 2011 up for bid; Major conference on entrepreneurship in Milwaukee Tuesday and Wednesday of this week; and a number of other events; Fig 1 Brand Studio, Barry Moltz on business cards, Pek Pongpaet and ShelfLuv; Tom Bennett on how he is applying to a number of law schools; and more notes from York Freund, Helen Yang, Dean DeLisle, Bill Anthony, Roland Rick Perry and Jeff Meredith; and a personal thanks to Howard Schultz of Starbucks

The May Report June 6th, 2011

The May Report: 6/6/2011: The social event of the season: Two tickets to The Richard H. Driehaus Summer Party, July 30th, 2011 up for bid; Major conference on entrepreneurship in Milwaukee Tuesday and Wednesday of this week; and a number of other events; Fig 1 Brand Studio, Barry Moltz on business cards, Pek Pongpaet and…

The May Report: 6/5/2011: The Groupon S-1, version 1.0, reading it, and researching it, is now my Job #1; and boy is there a lot there and NOT there!; Finally some real information we can bite into — can you believe they have 8,000 employees regardless of how anemic the bottom line is?; Conor Sen writes: “I’ll start by tipping my hat to Andrew Mason. He caught social mood just right, creating a coupon/local/flashmob hybrid business model at the perfect time, and has created the fastest-growing company on a revenue basis in American history. That being said, it’s operating like a Ponzi scheme that needs constant infusions of cash to stay afloat as it’s hemorrhaging money.”; and DHH writes: “There’s a very real chance Groupon will never figure out how to tune the revenue machine enough to produce even a penny of profit.” Harper Reed to Obama camp as CTO; $700K to Chicago start-up OpenChime

The May Report June 5th, 2011

Archive for June, 2011

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