GroupPrice
Type of site | eCommerce |
|---|---|
| Available in | English |
| Founder(s) | Van Jepson |
| Launched | November 30, 2010 |
| Current status | Online |
GroupPrice was a business-to-business deal website that sells discounted software and services for small to medium-sized Internet centric companies. GroupPrice enabled online merchants to advertise their products and services to a target audience of small businesses.
The company targeted businesses with an online presence up to 25 employees and up to $10 million in annual revenue. GroupPrice took a commission from each purchased deal and passed the sale to the merchant with new customer information.
GroupPrice sold software and services to American small businesses and differs from the business-to-consumer daily deal model made popular by Groupon including; no local deals on food or entertainment, no minimum number of sales needed before a buyer can have access to the deal, and no time limit tied to the deal.
History
[edit]GroupPrice was founded by Van Jepson in June 2010 in Redwood City, California.[1]
The company was self-funded with $30,000 before several advisors turned into investors and completed a seed round of $285,000 in July 2010.[2]
It launched on November 30, 2010.[3]
Awards
[edit]GroupPrice was named one of Entrepreneur Magazine's top 100 Brilliant Companies in 2011 in the Startup-to-Startup category.[4]
References
[edit]- ^ The Groupon for Small Businesses. 15 June 2011 – via Fox Business.
- ^ Ho, Sharon (13 April 2011). "GroupPrice targets small business with daily deals". Reuters. Archived from the original on 17 April 2011.
- ^ "GroupPrice Launches Group Buying for Small Businesses" (Press release). PR Newswire. November 30, 2010.
- ^ Wang, Jennifer (24 May 2011). "How Betterworks Is Helping Startups Perk Up Their Perks". Entrepreneur.