The firm is one of the largest e-commerce firms in the country. The company provides very wide discounts on local businesses by guaranteeing them a minimum amount of clients.
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Ghassan Halazon
1. He received his undergraduate
degree in finance and
entrepreneurship from McGill in
Montreal. He found a job at Citigroup
where he worked as an Investment
Banking Associate. However, it was
not fun there and decided to pursue
his entrepreneurial spirit by founding
TeamBuy.
2. What many people do not know,
TeamBuy is not the first group buying.
In general, group buying has been
pretty popular in Asia for many years.
There are some services such as
Craiglist where people meet online
and the go physically to stores in order
to demand basically these discounts
based on volume.
3. When he was working at Citigroup, the
concept of team buying represented a
huge online market potential and excited
Ghasson as he decided to travel to
Toronto in order to meet two strangers
who shared his interest in social buying.
The three realized that their way of
looking at things were very similar.
Therefore, they decided to align their
visions.