Nate Richardson | Street Fight

Lesson From Gilt: Consolidation Means Growing Up for Daily Deals

Steven Jacobs

Lesson From Gilt: Consolidation Means Growing Up for Daily Deals

Gilt City’s retreat points to a larger systemic issue for the deals space in 2012. With venture investment in the space waning, access to the type of funding necessary to scale the capital-intensive sales efforts is becoming much more difficult — and the potential for a relative newcomer to achieve Groupon or LivingSocial-like growth seems a lot less likely…