LivingSocial CEO on Expansion, Potential IPO

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Another one it's it's of but it's a Food Network experience in New York City you get to meet with one of at least six celebrity chefs and get cooking classes -- set truck.

You know these are things to catch people's -- more of an experience but at a at a lesser price.

I've also looked into it you know we have analysts that talk about -- all the time Jordan -- -- Stiefel Nicholas was saying that you have narrowed your losses pretty dramatically you're still posted losses.

But they've narrowed that must mean that businesses going well how are you capitalizing -- -- very tentative consumer that's a tough thing to do.

Yeah I think first it's it's -- important understand that we really have seen.

I continued strength in our in our core business as we've grown over the course of the past year so.

Process -- that you know we we look at that data and that that looks good.

-- -- second is you know work -- really start to -- -- more on how do we go -- provide value to people stuff.

Financially but also make their lives more convenient exposed them to something that they didn't otherwise now.

And we've been able to really kind of reached that point of scale in our business where where we sees them some really strong economics come off a bit by kind of expanding some of those offerings into events and that.

Sort of but it's a little bit of a crowded space there's gilt -- there's living social and you guys Google offers Amazon not to mention Groupon that critics would say it's getting to be very saturated space.

And there's always that interest I'm sure going public -- as an IPO in your future and B how do you continue to separate yourself yeah.

Well -- We we look at something like an IPO like we always have which is there.

Are a kind of market performance items out there but it really needs to be right for the company -- something that -- pretty consistently look at and so there's there's there's nothing to to report at that.

At this particular moment time I was child.

It's as far as -- that competitive landscape.

You know you've really seen a couple of companies really be able to elevate themselves over the last year to and I think -- one of those companies are now and -- are certain enter this next phase where.

You know limits officials -- that tens of millions of customers hundreds of thousands -- -- relationships.

And we can really leverage those to go into additional categories in local commerce I think similarly how Amazon had tons of customers have built up -- distribution relationship and went from books to movies and music and all sorts of categories.

I remember when they did that we thought how can they really survive beyond books.

And routing yeah I think they've they've they've they've proven that went out if that both Tim good to see what watching continue to prove yourself it's great to see a company growing our hiring really quickly.

Yeah we we continue to hire in and it will for the foreseeable future co-founder and CEO Tim -- and thank you so thanks.

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LivingSocial CEO on Expansion, Potential IPO

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