And this time around, it’s not about multi-million dollar launch parties in Las Vegas:
http://allthingsd.com/?p=82381
> In January, Groupon raised $950 million. By the end of March, it had $209 million in cash.
> What happened to all that money?
>
> The company’s IPO filing spells that out: Almost all of it went right back out the door, to employees and early investors.
>
> The details: Groupon raised a total of $946 million in two funding rounds last winter. It kept $136 million of it help run the money-losing company. The remaining $810 million was paid out, via stock purchases, to CEO Andrew Mason and some of his backers, including Eric Lefkofsky, and, notably, the Samwer brothers, who sold their CityDeal company to Groupon in 2010.
—ravi