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 »

There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle