I recently read a piece by Redfin, the online real-estate company, about a story of Groupon and how it destroys small business. In this case, Groupon destroys a small coffee shop in Portland, Oregon and it got me thinking about how a startup’s business model should be flexible and how it relates to customer’s profit and your own company’s profit.

Of course, both are important. But this is the hard part of creating a business model for your startup, at least that’s your homework as startup founder.

Continue reading Groupon’s Business Model From A Different Angle →