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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.
Shop for settings and mountings by style or by brand, including Wrap-Tite®, Cab-Tite™, Sure-Set™ and Snap-Tite®. Not long after that transaction, Ha-Lo declared bankruptcy. In early 2000, Starbelly sold itself to another company called Ha-Lo Industries for 0 million, much of which went to the author of those words, a man named Eric Lefkofsky. It was written in an email by the co-founder of a company called Starbelly.com, which labeled itself a B2B provider — back when people greeted that phrase with a straight face.
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.