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And failure is hardly something to be ashamed of in tech; usually it’s heralded as a mark of having shot for the moon, something to be prized and not frowned upon.

But Groupon’s IPO has brought an uncomfortable spotlight onto Lefkofsky.

While some attention focuses on his ambitions as an investor in tech startups, others see a “spotty history” and draw parallels between the past and the present.

Lefkofsky’s track record, reflecting failures and successes, bears certain hallmarks: rapid revenue growth accompanied by big losses, a penchant to sell stock early on, and lawsuits filed by investors, lenders or customers who feel they have been wronged.

(Credit Suisse, one of Groupon's underwriters, advised Ha-Lo on the deal.)Lefkofsky and Keywell, who joined Ha-Lo as executives and directors, showed a knack for rapidly growing a company's value despite significant losses. Ha-Lo swung from a

And failure is hardly something to be ashamed of in tech; usually it’s heralded as a mark of having shot for the moon, something to be prized and not frowned upon.But Groupon’s IPO has brought an uncomfortable spotlight onto Lefkofsky.While some attention focuses on his ambitions as an investor in tech startups, others see a “spotty history” and draw parallels between the past and the present.Lefkofsky’s track record, reflecting failures and successes, bears certain hallmarks: rapid revenue growth accompanied by big losses, a penchant to sell stock early on, and lawsuits filed by investors, lenders or customers who feel they have been wronged.(Credit Suisse, one of Groupon's underwriters, advised Ha-Lo on the deal.)Lefkofsky and Keywell, who joined Ha-Lo as executives and directors, showed a knack for rapidly growing a company's value despite significant losses. Ha-Lo swung from a $1 million operating profit in 1999 to a $64 million operating loss in 2000, thanks to $8 million in payroll costs for Starbelly employees and $40 million in the amortization of goodwill from the Starbelly deal.In July 2001, Ha-Lo filed for bankruptcy (under a new management, the company later emerged from bankruptcy as Halo Branded Solutions).The other co-founders include Andrew Mason (8% stake), the cherubic public face of Groupon; and Bradley Keywell (7% stake), who also co-founded Starbelly with Lefkofsky.Before Starbelly, Keywell and Lefkofsky founded a sportswear company called Brandon Apparel. Everyone remembers things they said a decade or more ago they may regret today.

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And failure is hardly something to be ashamed of in tech; usually it’s heralded as a mark of having shot for the moon, something to be prized and not frowned upon.

But Groupon’s IPO has brought an uncomfortable spotlight onto Lefkofsky.

While some attention focuses on his ambitions as an investor in tech startups, others see a “spotty history” and draw parallels between the past and the present.

Lefkofsky’s track record, reflecting failures and successes, bears certain hallmarks: rapid revenue growth accompanied by big losses, a penchant to sell stock early on, and lawsuits filed by investors, lenders or customers who feel they have been wronged.

(Credit Suisse, one of Groupon's underwriters, advised Ha-Lo on the deal.)Lefkofsky and Keywell, who joined Ha-Lo as executives and directors, showed a knack for rapidly growing a company's value despite significant losses. Ha-Lo swung from a $1 million operating profit in 1999 to a $64 million operating loss in 2000, thanks to $8 million in payroll costs for Starbelly employees and $40 million in the amortization of goodwill from the Starbelly deal.

In July 2001, Ha-Lo filed for bankruptcy (under a new management, the company later emerged from bankruptcy as Halo Branded Solutions).

The other co-founders include Andrew Mason (8% stake), the cherubic public face of Groupon; and Bradley Keywell (7% stake), who also co-founded Starbelly with Lefkofsky.

Before Starbelly, Keywell and Lefkofsky founded a sportswear company called Brandon Apparel. Everyone remembers things they said a decade or more ago they may regret today.

million operating profit in 1999 to a million operating loss in 2000, thanks to million in payroll costs for Starbelly employees and million in the amortization of goodwill from the Starbelly deal.

In July 2001, Ha-Lo filed for bankruptcy (under a new management, the company later emerged from bankruptcy as Halo Branded Solutions).

The other co-founders include Andrew Mason (8% stake), the cherubic public face of Groupon; and Bradley Keywell (7% stake), who also co-founded Starbelly with Lefkofsky.

Before Starbelly, Keywell and Lefkofsky founded a sportswear company called Brandon Apparel. Everyone remembers things they said a decade or more ago they may regret today.

if we get wacked [sic] on the ride down-who gives a shit... WE HAVE NOTHING TO LOSE...”This is a quote from the dot-com era.Shareholders and others blamed the Starbelly deal, and a series of lawsuits ensued.Eric Lefkofsky is the co-founder and chairman of Groupon, which filed last week for an IPO valuing the company at billion, as well as its largest shareholder, with a pre-IPO 22% stake in the company."They basically bailed out of Columbus, and that seems to be their ongoing tactic,” Columbus’s city attorney said at the time.In March 1999, Lefkofsky and Keywell founded Starbelly.com, which sold promotional t-shirts and coffee mugs.

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