Ever since it became fashionable to trash Groupon (and it has become VERY fashionable), the response from the company's supporters has been that it's "the next Amazon."
Amazon was subjected to the same knee-jerk skepticism and hate for much of the late 1990s, Groupon supporters point out.
"That’s stupid —you’re building a lifestyle business" spat the investor across the table, flashing me a death glare. It was 2011 and I was at a roundtable event at Grow Conference, an annual gathering of investors, entrepreneurs, and wantrepreneurs alike.
One of the most profound changes in the investment landscape over the past 15 years has been the loss of a once-vibrant IPO market.But knowing how it will end is different than knowing when it will end, and no one knows the answer to that.In the meantime — before it ends — fortunes and careers will be made.
Each of these offerings was a bold bet at first, and sensible people worried (often!) that they could not work. But at this point, it’s become pretty clear how special they are and how lucky we are to have them," Bezos says.
Amazon and Indian e-commerce company Flipkart have an interesting history. Flipkart's founders both worked at Amazon before ditching in 2007 to start their own new company with a very similar business model. The startup took off and it's now India's largest online marketplace in terms of sales . Amazon, meanwhile, didn't enter India until 2012 when it acquired price-comparison site Junglee.
Amazon shares have been on a massive tear. The stock has rallied 33% since its huge earnings beat January 29, according to Bespoke Investment Group . And what's more, the recent rally puts Amazon shares on the edge of a "golden cross.
obile is overtaking the desktop, social is beating search, and messaging apps are challenging email. What’s next? And what can you do to stay ahead?Digital is transforming media like a tidal wave. First the internet and now mobile are reshaping media consumption habits in real time.
Rarely do you see the CEO of a $180 billion company care much about its warehouse workers.But Amazon CEO Jeff Bezos takes a pretty unique approach in providing career help to its employees at the company's fulfillment centers, where Amazon’s orders get packaged and shipped.
Cloud computing, where companies rent computers hosted elsewhere, is the biggest change to enterprise tech since the PC. And the company that more or less invented the concept, Amazon, is still far and away the dominant leader of a market that generated $16 billion for its biggest players , says market research firm Synergy Research Group.
Amazon has made a rare acquisition in the form of 2lemetry , a startup that helps its customers make sense of all the data brought in by connected devices in the workplace or retail store, VentureBeat reports . Terms of the deal weren't announced, and Amazon loves its secrecy. Cutting through the buzzwords, 2lemetry brings "actionable insights" on so-called "Internet-of-Things" data.
Amazon doesn't do anything the way anyone else does it,"Mike Levin, CIRP's cofounder, told Business Insider. That's what makes its system so clever.Amazon's video-streaming service might be more popular than Netflix.
YOU might be worth a million (someday), but your pre-revenue company is not... and it def ain't worth $8-12M+ cap."Y Combinator head Sam Altman agrees with other recent complaints that early stage startups are often overvalued. But he blames investors, not the founders who started those companies.
Billionaire investor Peter Thiel has officially joined startup incubator Y Combinator strictly as an advisor, not as an investor. "I’m delighted to announce Peter Thiel is joining YC as one of the (now 10!) part-time partners," Y Combinator CEO Sam Altman wrote on its blog, adding that Thiel was already working with a number of Y Combinator companies.
It has 33,000 employees, and 10 million daily visits.So, surely Soni must be worried about the threat of this giant company, known for crushing competitors even if it takes hemorrhaging money to gain marketshare, trying to move fast into India?"It's about understanding where the future is going to be," Soni says.
Back in August last year Amazon paid a huge $970 million to acquire Twitch , the live video game streaming site. Amazon wasn't the only potential suitor: Google and Yahoo had also lined up potential offers.
A small startup is taking a huge swing at Amazon. The e-book subscription service Oyster — often referred to as the "Netflix for books" because it offers an unlimited reading plan for $9.95 a month — is opening a new store for one-off purchases.
Amazon is quietly working on a new program to connect the company with inventors and early-stage hardware and electronics startups, Re/code's Jason Del Rey reports . Based on a few job postings , Del Rey's sources describe it as Amazon's attempt to get these innovative startups and small businesses to use Amazon as their main sales channel.