Kara Swisher

Recent Posts by Kara Swisher

LivingSocial's Tim O'Shaughnessy About Local Deals and Not Being Groupon!

Yesterday, before LivingSocial announced the acquisition of the social adventure company Urban Escapes, BoomTown sat down to talk with its CEO and co-founder Tim O’Shaughnessy.

The entrepreneur has worked at AOL, as well as at Steve Case’s Revolution Health in Washington, D.C., before moving on to the local deals start-up. Case was an early investor.

LivingSocial now has about 10 million subscribers to its social discount offers online, where it competes head-to-head with Groupon, which has garnered much of the attention in the hot arena.

Both companies have been garnering huge fundings, which are being used in a race for dominance in the space.

O’Shaughnessy talked about all this and more in the video interview below, which we did in Palo Alto, Calif.:

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work