Groupon just bought Pelago, the maker of iPhone app Whrrl, which tried to compete with Foursquare and didn't get very far.
Pelago's first investor was famed Silicon Valley VC firm Kleiner Perkins, which is also an investor in Groupon.
It's a great example of "parking", a crucial VC skill that VCs don't like to talk about.
What is parking? It's finding a good acquisition for a startup that didn't do as well as you expected.
To read the full, original article click on this link: "Parking", The Crucial VC Skill VCs Don't Like To Talk About
Author: Pascal-Emmanuel Gobry
