LivingSocial's growth-at-all-costs strategy serves as a lesson for today's unicorns as the firm struggles to retain staff and pivots away from daily deals
LivingSocial, Once a Unicorn, Is Losing Its Magic — WASHINGTON — The first thing you see when walking into the headquarters … Tweets: @trengriffin , @jtepper2 , @p1bc , @nytimes , @startupljackson , @bgurley , @shiraovide , @rolfewinkler and @mikeisaac Tweets: Tren Griffin / @trengriffin : @Techmeme There's a big difference between how fast you can grow and how fast you should grow. Similar to: http://abovethecrowd.com/... Jonathan Tepper / @jtepper2 : Cautionary tales for investors “There are now 142 unicorns that are together valued at around $500 billion” http://www.nytimes.com/... Paul Chiang / @p1bc : @Techmeme Size of the daily deal marketplace was never as big as they thought it was. A coupon by any other name is still a coupon. The New / @nytimes : LivingSocial offers a glimpse of what some of today's biggest start-ups might look like several years down the road http://www.nytimes.com/... Startup L. Jackson / @startupljackson : Growing fast isn't the problem. Building stuff that doesn't provide sustained value for the customer is. http://www.nytimes.com/... Bill Gurley / @bgurley : Important lesson for entrepreneurs & investors on the fallacy of “grow at all costs” execution http://www.nytimes.com/... Shira Ovide / @shiraovide : Failure is as much a part of tech as success. This is what it looks like, by @MikeIsaac, @ktbenner http://www.nytimes.com/... Rolfe Winkler / @rolfewinkler : Great story on LivingSocial via @mikeisaac and @ktbenner. A parable for our times: http://www.nytimes.com/... @mikeisaac : the big lesson for me: always sniff the milk before adding to your coffee. http://www.nytimes.com/... http://twitter.com/...