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Deal site drawbacks spawn new startups

By Ann Meyer Count Chicago entrepreneur Kris Petersen among those who have lost money on Groupon and LivingSocial vouchers by not redeeming them before they expired. The example that stands out, Petersen said, was his purchase of four Groupons for Segway tours that he planned to use with friends. “I threw $160 out the window by […]

Affiliate marketers down, but not done yet

Illinois-based Internet affiliates were bracing for a drop in revenue after giants Amazon and Overstock sent letters Thursday saying they would stop doing business with them due to a new Internet tax law. Under the Main Street Fairness Act, which Gov. Pat Quinn signed into law Thursday, out-of-state online merchants must collect and remit Illinois […]

Tech groups vow to push for repeal of use-tax law signed today

By Ann Meyer Gov. Pat Quinn signed into law today an Internet tax act that will require out-of-state online merchants to collect sales tax if they have affiliates in Illinois, but opponents said they will push for the law’s repeal. Quinn said the law will level the playing field for retail merchants who lose sales […]

GrubHub flush with $20 million in new capital

  Without even trying, Chicago-based GrubHub has raised $20 million in new venture capital, bringing to $34 million the amount of private investment in the company, chief executive Matt Maloney said today. “We didn’t go out looking at all,” Maloney said. But following the company’s round of $11 million last fall from Benchmark Capital in […]

Tips for launching an arts business

Launching an arts-based venture requires planning, producing and selling. SmallBusinessChicago asked Joe Roberts, professor of arts entrepreneurship at Columbia College in Chicago, and Barrett Baebler, director of entrepreneurship and nonprofit management at Webster University in St. Louis, to provide tips for artists on running sustainable business ventures.