Good morning, All,
We suffered the untimely death of a much-loved family member last week, and our brain isn’t quite functioning properly yet, so we do ask for your indulgence this week. And apologies that I had to miss the Rock Out at the Empire State Building, but I will be at the next one. Mark your calendars: November 15th, and again, we’ll be on the 60th floor of the Empire State Building. Early bird rate is available, so make sure to register now: http://terraceparty5-auto.eventbrite.com/ And our thanks to our ESB host and sponsor: Corporate Tax Network is a national accounting and consulting firm catering exclusively to the entrepreneurial, start-up, and SMB business communities. Due to our niche in the start-up community, we understand the issues that new organizations face, and we consult with these firms in order to facilitate growth. In addition to our tax services, CTN also provides incorporation assistance, bookkeeping, payroll, business planning services, and wealth management services. SOS members have an opportunity to sign up for a free for the “intro to business taxes” webinar. Or feel free to contact Ryan directly: email him at firstname.lastname@example.org, and make sure to mention SOS.
When did Groupon become the gift that keeps on giving? – no pun intended. The Chicago-based startup announced that their long-awaited/previously postponed IPO is back on and let the chips fall where they may (HEY, GROUPON HATERS, ANALYZE THIS: Groupon Breaks Even In Q3 http://read.bi/oIrIQ4; ‘Groupon Is A Disaster’ http://read.bi/qGmrQU). Forest through the trees: There are serious VCs invested in Groupon, and BI’s Henry Bodgett (who wrote the first article cited) is not only a former Wall Street analyst rather than a reporter: he has also taken quite a bit of venture money for his publication (Business Insider raises $7 million from investors http://bit.ly/njQBxC) and some it came courtesy of the very same investors who backed Groupon. And yet BI was among the first/loudest to cry ‘conflict of interest’ when Michael Arrington announced his new VC fund not too long ago. We don’t know if Groupon is going to be the biggest IPO in internet history (doubtful) or if they’ll even be around in five years. It would be refreshing – and inspire a bit more confidence – if Blodgett considered taking a page from the playbook he threw at Arrington and disclosed that BI and Groupon – or whatever other company on which he may be reporting – share investors so that online journalistic integrity doesn’t continue to devolve into being just another oxymoron – right up there with Facebook IPO. Onward and forward.