Loopt CEO: Turning the Deal Around

When Loopt introduced its new U-Deals program earlier this year, our guest columnist, Doug Stephens hailed the concept as a “profound” shift in the consumer dynamic. Street Fight recently caught up with Loopt’s founder and CEO Sam Altman to talk about U-Deals, location privacy, and where he sees location-based services headed.

U-Deals Represent a ‘Profound’ Shift in Consumer Dynamic

Loopt’s new u-Deals services has been widely dismissed it as not much more than a “reverse Groupon.” But there are a couple of reasons that such comparisons are a mistake — and that the u-Deals model may be more profound than it first appears.