One day you’re up, the next day you’re down.
Just yesterday, we were gushing over the rapid rise of online coupon provider Groupon. Frank pointed out that Groupon had managed to achieve a $1 billion valuation, despite the many copycats in the marketplace.
Well, one of those copycats is not prepared to go quietly into the night.
[Tippr CEO Martin Tobias] saw the rise of Groupon. He happened to know that Microsoft co-founder Paul Allen, who’d invested something like $90 million in the failed Groupon of the late ’90s, Mercata, still owned that company’s patents.