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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.

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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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