Groupon Gets A Hefty $30 Million From Accel For Local Offers Service

TECHCRUNCH — Chicago based Groupon, which was formerly known as ThePoint, has raised a hefty Series B financing – $30 million – from new investor Accel Partners and existing investor New Enterprise Associates. The company is going gangbusters. They offer users deep discounts on local deals – spas, sky diving lessons, hotels, restaurants, golf, whtaever. Discounts range from 40%-90% of the normal price. If enough people buy into the offer, everyone gets the deal. If there aren’t enough people, no one gets the deal. Groupon collects payment and passes it on, minus their fee, to the business...