Groupon Has More “Speed … Care … Focus” Under Lefkofsky, Ted Leonsis Says

The CEO search never left the building.
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Groupon Names Eric Lefkofsky Permanent CEO; Q2 Revenue Beats Street

A big day for the original daily-deals company.
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Is Groupon Goods a Daily-Deal Savior or a Low-Margin Distraction?

Analysts will be looking for this answer and more when the CEO-less deals company reports second-quarter earnings later.
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News Byte

With $40 Million Investment in Bigcommerce, Steve Case’s Revolution Growth Makes Biggest Bet to Date

Revolution Growth, the investment firm from former top AOL execs Steve Case and Ted Leonsis, has closed its biggest investment to date. The fund is betting big on Bigcommerce, an e-commerce software company that helps small businesses set up their own online retail presence, in a $40 million Series C round. Bigcommerce has now raised $75 million. This is just the latest big bet on e-commerce upstarts by Revolution Growth, which recently announced a $20 million-plus investment in Optoro and a similar-sized investment in kids’ clothing maker Lolly Wolly Doodle.

News Byte

Ted Leonsis’s Revolution Growth Leads $20 Million-Plus Investment in Inventory-Management Firm Optoro

Optoro, a Maryland-based startup that helps brick-and-mortar retailers sell their unsold or returned goods on third-party e-commerce marketplaces, has raised a $20-million-plus investment led by Revolution Growth, the investment firm started by former AOL execs Ted Leonsis and Steve Case. The company would not disclose the exact amount of the funding, but a Form D filing indicates that it totaled $23.5 million. About $3 million of the new investment went to current shareholders, according to the filing, and Leonsis is joining the company’s board. Grotech Ventures also invested in the round.

News Byte

Social Radar Raises $12.75 Million Round

Social Radar, the mobile-focused startup that aims to connect users through location-based targeting and social network cross-referencing, announced a $12.75 million Series A round on Wednesday. The round was led by New Enterprise Associates, Grotech Ventures and Swan & Legend Ventures, with participation from Steve Case, Ted Leonsis, Dave Morin, Kevin Colleran, and a number of other angel investors. Dayna Grayson from NEA, Steve Fredrick from Grotech Ventures, Fred Schaufeld from Swan & Legend Venture Partners, and angel investor Kevin Colleran will all join Social Radar’s board of directors.

I’m Still Here: Stock Soars as Groupon Shows Stronger-Than-Expected Q1 Revenue

On the other hand, I could use a nice cup of hot growth.
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Groupon CEO: “I Was Fired Today.”

“After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding — I was fired today.”
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Boardroom Blitz: The Four Things That Could Happen at Groupon

And the man at the back said everyone attack and it turned into a ballroom blitz. And the girl in the corner said boy, I wanna warn ya, it’ll turn into a ballroom blitz.
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Exclusive: Is Andrew Mason on the Bubble as CEO of Groupon?

Is a boardroom showdown looming for the troubled daily deals company and its affable co-founder?
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