In today's technology-driven world, "innovation" has become a basic expectation.
IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget.
It turns out that everything I cover in this post – the concept of pivoting off successful startup ideas – is exactly what Rocket Internet do.
Looking to show impressive growth before their IPO, Groupon picked up a number of other country-specific rivals such as: .
The acquisition was not primarily based on their user base or revenue, but focused on sourcing more good employees to add to the 100-strong Australia team they already had.
Locals enjoyed our “sweet deals” and our subscriber base grew at hundreds per a day, thanks to our $5 referral program.” Beeconomic wasn’t the only deals site that Groupon ended up purchasing on their whirlwind buying spree.
Other entrepreneurs from around the world thought they could apply the same concept to their own countries as well.
I’m very open when my post ideas come from other sources but in this case the timing is purely coincidental.
It’s really weird to read a detailed report on something just as I was about to talk about it.
The site was then rebranded to Groupon Singapore which Karl and Chris still work on today.
When asked about their success, Karl says, “We gained a first mover advantage being the first to start up in Singapore, allowing us to build relationships with premium businesses.
At the start of 2012 In 2010, Singaporean Karl Chong was visiting New York and noticed the rising popularity of group buying websites across the U. He saw such potential to bring this concept to his home country that he quit his investment banking job in America and convinced his brother Chris to join him in moving back to Singapore to start a new online venture.