Groupon. The fastest growing company ever.
In my TECHNOLOGY RANKINGS, Groupon scores a stellar '30'. That pretty much assures long-term success (at least during this decade of the smartphone wars).
Not that Groupon needs my affirmation. The company hit the sweet spot of business model meets instant tipping point of technology and need and desire and capability. So much so that probably the biggest effort facing Groupon now is building thesmelves fast enough to hold off all the counterfeiters.
Forbes profiles the company that is leveraging the real-time social mobile web as well as just about anybody:
Unlike so many dot-com rockets, Groupon is a real business. Occupying 85,000 square feet inside a rehabbed eight-story former Montgomery Ward warehouse in Chicago's River North neighborhood, the company is on track to pass $500 million in revenue this year, according to a report Morgan Stanley ( MS - news - people ) put together to win some underwriting business. No technology stalwart--including Ebay, Amazon.com ( AMZN - news - people ), Yahoo ( YHOO - news - people ), AOL and Google--grew that big that fast. At just 17 months old this April Groupon boasted a $1.35 billion valuation when it raised $135 million, the biggest chunk of it from Digital Sky Technologies, the curious Moscow investment fund behind Facebook and Zynga. (Mason will not disclose his stake, which he says is less than 50%.) The only company to reach a $1 billion valuation faster was YouTube (now part of Google), founded in 2005 and still waiting to turn its first profit. Groupon broke into the black just seven months after inception.
*Note: I'm considering abandoning my Technology Rankings and just basing the future success of a technology company based on whether or not some unnamed Russian oligarch is an early major investor. Opulence? I has it.
- brian s hall's blog
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