Groupon Inc (NASDAQ:GRPN) Divisional VP David Kerr left the innovative ad firm after just 10 months on the job to return to his entrepreneurial roots. Kerr had been Groupon’s vice president and general manager of the home and auto category as of last May. He led a team working with home and auto-related businesses to try and develop local deals for Groupon.
Kerr left Groupon Inc (NASDAQ:GRPN) to become the COO at Indianapolis-based TinderBox, a four-year-old sales automation solutions start up.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More
Kerr was a co-founder of a company called NoInk Communications a few years after graduating from Princeton University with a bachelor’s degree in political science in 1988. NoInk, a mobile sales software company, was sold to Global Healthcare Exchange, a healthcare supply chain company, just a few years later. Kerr joined the executive team at GHX for 5 years, where he served as president of GHX Europe, working out of Germany.
Kerr then moved on to Angie’s List in 2011, where he was head of the new e-commerce division for around a year.
Kerr’s new boss, TinderBox CEO Dustin Sapp, was Kerr’s partner in co-founding NoInk in 2000.
Statement from Kerr of his departure from Groupon
Kerr was interviewed by the Chicago Tribune after the news of his departure from Groupon Inc (NASDAQ:GRPN). “I think the velocity now at which companies need to grow…has changed dramatically since the early 2000s and mid 2000s,” Kerr said in the interview. “Some of the bigger companies, they’re just at a different stage in their growth, so they have different opportunities and challenges.”
“I appreciate the ability to be nimble and agile,” Kerr elaborated. “It’s a lot of fun to participate in that kind of speed to market, speed to growth. It is exciting.” Kerr also expressed excitement at the opportunity to assist the company in growing its presence and revenue. He also noted that TinderBox recently secured $3 million in additional venture capital funding.