On: LivingSocial: Employees' and Founders' Common Stoc...

[grainawi]

this is extremely sad to see. hopefully this report is exaggerated and not entirely true.

that said, the daily deal model is clearly broken.

[tyang → grainawi]

Yes, and I'd argue the daily deal model never worked in the first place. Why? No real value add to small businesses.

The daily deal model was an experiment that went on too long, overfunded by delusional investors - some playing with other people's money - and media and social media hype.

You know what model isn't broken?

Positive cash flow businesses. :)