Groupon

Business and Value: Groupon?

For fourteen years, I ran a store in Brooklyn, NY called Shakespeare's Sister. In the back, at first, we had a cafe. Later, I turned it into an art gallery and retreat... and eventually into additional sales space for the gift store which occupied the rest of the space. Naturally, I learned a great deal about retail. Now a teacher, I still keep an eye on what is happening in the world I left.

The other day, I came across a blog post, "Groupon is a Straight-Up Ponzi Scheme."  Though I think it's a little more complicated than that, I think the author may be right.

Let me explain.