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	<title>BIA/Kelsey - Local Media Watch &#187; James Moran</title>
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		<title>Yipit Raises $6 Million: We Talk With Cofounder James Moran</title>
		<link>http://staging.blog.biakelsey.com/index.php/2011/06/22/yipit-raises-6-million-biakelsey-talks-with-co-founder-james-moran/</link>
		<comments>http://staging.blog.biakelsey.com/index.php/2011/06/22/yipit-raises-6-million-biakelsey-talks-with-co-founder-james-moran/#comments</comments>
		<pubDate>Wed, 22 Jun 2011 20:51:57 +0000</pubDate>
		<dc:creator><![CDATA[Peter Krasilovsky]]></dc:creator>
				<category><![CDATA[Coupons/Deals]]></category>
		<category><![CDATA[Deals 3D]]></category>
		<category><![CDATA[James Moran]]></category>
		<category><![CDATA[The Deal Map]]></category>
		<category><![CDATA[Yipit]]></category>

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		<description><![CDATA[<p>Deal aggregators sort through daily deals and find the best ones for consumers in return for a piece of the action. They are primed to make up a healthy part of the extended family of deals products. But it isn&#8217;t&#8230;</p>
<p>The post <a rel="nofollow" href="http://staging.blog.biakelsey.com/index.php/2011/06/22/yipit-raises-6-million-biakelsey-talks-with-co-founder-james-moran/">Yipit Raises $6 Million: We Talk With Cofounder James Moran</a> appeared first on <a rel="nofollow" href="http://staging.blog.biakelsey.com">BIA/Kelsey - Local Media Watch</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img class="alignnone" src="http://www.betabeat.com/files/2011/04/yipit-300x225.jpg" alt="" width="300" height="225" /></p>
<p>Deal aggregators sort through daily deals and find the best ones for consumers in return for a piece of the action. They are primed to make up a healthy part of the extended family of deals products. But it isn&#8217;t certain whether they&#8217;ll maintain the cooperation of major deals companies. LivingSocial and others have made efforts to close off some of them.</p>
<p>But aggregators such as <a href="http://www.thedealmap.com">The Dealmap</a>, <a href="http://www.yipit.com">Yipit</a>, <a href="http://www.dealradar.com">Dealradar</a> and <a href="http://www.8coupons.com">8coupons</a> are making a go of it, convinced that email fatigue is inevitable, and that consumers need help sorting through 500+ daily deals. Also convinced, apparently, are Highland Capital Partners, RRE, DFJ Gotham and IA Ventures, which each participated yesterday in a $6 million, Series B round for Yipit.</p>
<p>As the news broke, Yipit reported that it aggregates 500 daily deal sites in 32 different cities (although about one-third of those sites, or 161, are for New York). It also says it has 250,000 subscribers, sending roughly 20,000 people a day to third-party sites. Between 5 percent and 10 percent &#8212; or 1,000 to 2,000 &#8212; buy a deal.</p>
<p>My colleague Jed Williams sat down today in New York with Yipit cofounder James Moran. Moran told Jed that there are many reasons for optimism about the space, although the ramp-up hasn&#8217;t always been easy. Personalization, for instance, has struggled because there aren&#8217;t enough quality deals to match personalized preferences. &#8220;Locationized personalization&#8221; seems to have a better shot.</p>
<p>And then, there is the question of what is the ideal location radius. In New York, it&#8217;s 10 to 15 blocks. In Dallas, it is a 30-minute drive radius. Moran notes that Yipit has worked to tackle this issue, aggregating deals for a user&#8217;s work and home routes. But it is still mulling over how to handle subway routes. One thing that has developed nicely is that Yipit has ramped up a lot of destination and search traffic and is no longer tied so much to emails, which don&#8217;t convert as well.</p>
<p><em>Jim Moran is a featured speaker at our <a href="http://www.biakelsey.com/Deals3D/">Deals 3D conference </a>in San Francisco July 18-19, along with executives from The Dealmap and 40+ others. </em></p>
<p>The post <a rel="nofollow" href="http://staging.blog.biakelsey.com/index.php/2011/06/22/yipit-raises-6-million-biakelsey-talks-with-co-founder-james-moran/">Yipit Raises $6 Million: We Talk With Cofounder James Moran</a> appeared first on <a rel="nofollow" href="http://staging.blog.biakelsey.com">BIA/Kelsey - Local Media Watch</a>.</p>
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