Spinzo Eyeing Blue Chip Partners
A year and a half after he set out to revolutionize the crowd-buying model, Emmanuel Elmajian is now adjusting the focus of his company Spinzo in a bid to ramp up its sales volume.
Elmajian formed the Saint John company in late 2011 in a bid to bring more price flexibility and “virality” (the ability of customers to share a promotion so it can go viral) into the crowd-buying model.
Popularized by companies like Groupon, crowd-buying lets merchants offer deep discounts on their products to anyone who buys an online coupon. The model is successful — Groupon is now worth $3.5 billion — but