LivingSocial Kicking Ass Taking Names


Nearly doubling its market, Washington DC-based LivingSocial, launched its Deals service in 25 more cities, including Baltimore.  The company, which has raised $49 million in funding since March, now operates the service in 51 or 52 cities, not quite sure.

Certainly the company has gone head to head with Groupon who has already raised close to $140 million. Who win such a crowded space, beats me. I guess we find out in one or two years time.

I am just curious why aren’t they covering cities and regions one by one on weekly or monthly basis? Why launching a service to cover 25 different cities in one day?

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Those of you still not familiar with the company services, LivingSocial enables people to find out what shops, restaurants, activities and services are popular in their area, and offers new promotions every morning via its website, Twitter, Facebook and an iPhone application. The company says it has dedicated ‘city experts’ on the ground in every market, constantly researching the best in local attractions to bring a savings of up to 90% for consumers.

Deals are live for 24 hours, as is typical with group-buying sites, but LivingSocial interestingly has a referral model in place that gives users their deal for free if they refer three friends who also participate. Seemingly, this helps spur growth tremendously.

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About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

2 Responses to LivingSocial Kicking Ass Taking Names

  1. Kelly Marion says:

    Not sure if this should depress me or give me motivation

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