Agile VC
JUNE 5, 2011
3) Groupon’s Business is Like An ATM: Groupon is currently unprofitable on a GAAP basis thanks to acquisition related expenses in 2010 as well as ongoing marketing spend to acquire customers. and again only a portion of these subscribers will ultimately buy a Groupon, so the cost to acquire a true customer is higher than that.
Agile VC
APRIL 17, 2011
Now that Google’s acquisition of ITA is closed, following lenghty FTC review, it would appear Kayak is poised to proceed with their IPO in the coming months. =. paying for travel data from ITA or others (customers acquisition spend is not included in COGS). This was the large round to fund the acquisition of Sidestep.
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Agile VC
FEBRUARY 28, 2013
I had read somewhere that Apple’s cash pile was equivalent to Hungary’s GDP so I tweeted out the suggestion that perhaps an activist shareholder should push an acquisition of Hungary rather than thinking small (e.g. increasing dividends or issuing preferred stock).
Agile VC
JUNE 13, 2019
I know some of the investors in Chewy prior to the PetSmart acquisition, but I am not a shareholder nor do I intend to purchase shares in the IPO. Chewy cost of goods (COGS) includes both the underlying cost of the products sold but also some fulfillment related expenses like freight and packaging. in 2016, to 17.5%
Agile VC
AUGUST 9, 2012
That’s their revenue minus cost of goods, and keep in mind Zynga’s top line already excludes the 30% take from Facebook (which still accounts for >90% of revenues). That being said, unlike a company that has essentially zero user acquisition costs (e.g.
Agile VC
SEPTEMBER 30, 2014
So all in all, eBay’s acquisition of PayPal was good for PayPal and great for eBay and the two as a combined entity made a lot of sense for a long time. The payments landscape was different back then… Visa and MasterCard were not-for-profit consortiums owned and controlled by the largest banks.
Agile VC
MARCH 13, 2012
Patents and the threat of patent infringement lawsuits provide maximum leverage against a competitor when they’re in the middle of a strategic inflection point… a major financing, acquisition, or large product launch. If I were involved with Yahoo!’s Whatever few good people are left at Yahoo!
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