CoupFlip

CoupFlip operated as an online marketplace focused on creating a secondary market for the daily deals industry. The company was founded in 2011 by Phil McDonnell (CEO), Fred Schwarz (CFO), and Mike Cwalinski (CTO). The platform was designed for consumers of group-buying sites such as Groupon and Living Social, allowing them to buy deals they had missed or sell coupons they did not intend to use.

The business model centered on facilitating transactions between users. For buyers, CoupFlip offered an immediate purchase process, where they could pay and instantly receive a downloadable voucher, with each coupon's authenticity guaranteed by the company. For sellers, the platform provided a mechanism to quickly liquidate their unwanted daily deals. This created a liquid secondary market for a rapidly growing e-commerce niche. The service was initially launched in major US cities, including Boston, New York, Chicago, and Washington D.C.

CoupFlip's journey included participation in an accelerator/incubator program in early 2011, followed by a seed funding round in December of the same year. Despite its initial traction in the e-commerce and mobile application software sectors, the company ceased operations as of March 2018.

Keywords: secondary marketplace, daily deals, e-commerce platform, coupon exchange, online marketplace, group buying, consumer services, mobile commerce, voucher resale, deal marketplace, Groupon, Living Social, Phil McDonnell, Fred Schwarz, Mike Cwalinski, seed stage startup, venture-backed, application software, out of business, digital coupons, secondary market