Munich is the setting for Heimatpreis, the first significant German initiative which uses the Groupon-model, the American site which set a new high for capital raised for a live shopping site (30 million USD):
Seed investor Lukasz Gadowski has estimated that Germany has a good 5 to 10 sites of this type currently in the works (or even live) and Europe-wide over 20. Nonetheless, Gadowski comments in his German blog on why he feels negative about financing such a concept in Europe (primarily: the less pronounced coupon culture, language barriers across Europe, capital intensive daily business and too much competition).
At the Live Shopping Days conference in Berlin on January 28, the three strongest teams with Groupon-like concepts will be invited to present for the conference participants, amongst whom several business angels and investors are to be expected. Emails from prospective teams can be sent to groupon@excitingcommerce.de (standard coupon sites are excluded).
Related posts:
- Live Shopping Buzz: Groupon Nabs A Healthy $30 Million
- Live Shopping: Groupon Obtains Additional $5 Million Capital
- Lockerz: The Shopping Extravaganza for the Next Generation
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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