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What I love about group-buying startups like LivingSocial is that they provide fantastic job opportunities for new and recent grads.

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I’m an unabashed Groupon fan. How can I not support the Chicago based company that started the group-buying frenzy? Moreover, I’m just flabbergasted at the amount of value that they’ve been able to build in such a short time. The only problem with creating an extremely lucrative new market when you have little or no IP is that the competitors come out in droves. There are a lot of Groupon wannabes. A lot. Many of them will fall by the wayside as they realize that they’re not capable of building out the kind of sales/business development team needed to grow a group-buying business, but there are a few competitors that seem to be doing quite well. One of them is LivingSocial, which is based in Washington, DC (maybe they should focus on group-bribing of politicians, or is that called lobbying?). They now offer daily deals in 52 cities, and they have nearly $50 million in venture funding. They weren’t profitable yet as of March, but you have to think that they’ll get there soon.

Are You LivingSocial?

LivingSocial isn’t all that different from other group-buying sites. Their biggest point of differentiation (besides the deals that they offer and the cities that they’re in) is that they you get your deal for free if you can convince three friends to buy in. I guess that’s what it means to be LivingSocial. The thing that I love about startups in the group-buying space is that they provide fantastic job opportunities for new and recent grads. They need talent in a variety of areas, and they offer the ability to learn by doing. LivingSocial is no exception. Their Jobs page shows quite a few exciting opportunities. These include Account Executive positions in London; Washington, DC; and New York City along with positions like Customer Care Consultant, Desktop Support Specialist, Production Coordinator, Sales Coordinator, Traffic Coordinator, Assistant Editor, Financial Analyst, Human Resources Generalist, Designer, and Research Analyst. You can find more detailed descriptions of each of the positions on the LivingSocial Jobs page.

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