Says Feld:
“During one of our weekly mentoring meetings, they told me they could turn anyone with good business contacts and an online audience into their own Groupon. They asked me if I knew anyone that fit the bill, and I told them I did… me!”
Feld’s first deal is selling a $50 credit for $25 dollars on Boulder’s “social shopping” gear site Giant Nerd and it looks likes he’s got more offers coming soon. The Foundry Group was most recently in the news for the launch of a brand new, second $225 million venture fund. No word on Feld will be receiving any profits from the “Amazing Deals” clone or how long his enthusiasm for the ubiquitous model will last.
While Feld does also have an iPhone app extension of his brand, there’s really not very much further you can go from VCs turning themselves into Groupons.
What’s next? Ron Conway gets his own social network? Guess we’ll just have to stick with the @RonConwayFacts Twitter account for now.
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Authors: Alexia Tsotsis