Lefkofsky’s track record, reflecting failures and successes, bears certain hallmarks: rapid revenue growth accompanied by big losses, a penchant to sell stock early on, and lawsuits filed by investors, lenders or customers who feel they have been wronged.Lefkofsky began his first venture, athletic-apparel maker Brandon Apparel, which he and Keywell bought after graduating law school together, in 1994.
Lawsuits unleashed The risk of failure is inherent to entrepreneurialism.
But Brandon Apparel's tanking yielded a series of lawsuits.
It was first reported by Bill Alpert in a 2007 column about the next company Lefkofsky founded, Inner Workings.
Alpert wrote a devastating piece that eerily prefigured the concerns surrounding Groupon's IPO.
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