We all know that the early success and insta-revenues of companies like Gilt Group and Groupon have inspired more clones than Jango Fett. But while profitable and growing, my impression was that most of them are one-off rounding errors compared to Groupon's swelling revenue estimates - numbers that seem to go up in the press by $100 million every time they don't have any real news on this story. So imagine my surprise when I learned that Klaus Hommels was running a network of nine Gilt Group-style and seven Groupon-style companies that together makes up the third largest player in the market. The Gilt Group-esque network, called Globalsquare AG,�started in less than two years ago and has a $400 million revenue run rate; the Groupon-ish network, called Group Buying Global AG,�was layered on top of it and already has a $200 million revenue run rate-- in less than six months.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/eh51qTcN6cE/
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