Groupon Adds Starbucks CEO Howard Schultz to Board

Starbucks CEO Howard Schultz is joining Groupon’s board of directors to contribute his brand experience to the two-year-old daily deals company, according to the company’s blog. In addition, Schultz’s venture capital firm, Maveron, is investing an undisclosed amount of money, TechFlash reports. The funding is part of Groupon’s most recent round, which was close to $1 billion. Schultz’s expertise may come in handy, especially given Groupon’s recent Super Bowl hiccup. The pair is a good match, considering Groupon’s next-closest rival, LivingSocial, has teamed up with retail giant Amazon.com.


Latest Video

View all videos »

Search »

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