In January this year, Dean McEvoy’s group buying site, Spreets, was snapped up by Yahoo!7 for $40 million. It was a stunning coup for Spreets, which was launched only 10 months earlier but clearly had perfectly timed the group buying wave led worldwide by outfits like Groupon and LivingSocial. You can read more from McEvoy in a feature comparing all the group buying sites and how small businesses can use them, in the May 2011 issue of Dynamic Business Magazine.
Video courtesy of The Entourage.
