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	<title>Betabeat &#187; Daily Deals &#8216;Wallet&#8217; CityPockets Shuts Down to Make Room for New Couponing Social Network</title>
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		<title>Betabeat &#187; Daily Deals &#8216;Wallet&#8217; CityPockets Shuts Down to Make Room for New Couponing Social Network</title>
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		<title>Daily Deals &#8216;Wallet&#8217; CityPockets Shuts Down to Make Room for New Couponing Social Network</title>

		<comments>http://betabeat.com/2012/05/daily-deals-wallet-citypockets-shuts-down-to-make-room-for-new-couponing-social-network/#comments</comments>
		<pubDate>Thu, 10 May 2012 13:29:20 -0400</pubDate>
					<link>http://betabeat.com/2012/05/daily-deals-wallet-citypockets-shuts-down-to-make-room-for-new-couponing-social-network/</link>
			<dc:creator>Jessica Roy</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=44928</guid>
		<description><![CDATA[<p><div id="attachment_44935" class="wp-caption alignleft" style="width: 250px"><a href="http://www.linkedin.com/in/cherylyeoh"><img class=" wp-image-44935 " title="cheryl" src="http://nyobetabeat.files.wordpress.com/2012/05/cheryl.jpg?w=300&h=300" alt="" width="240" height="240" /></a><p class="wp-caption-text">Ms. Yeoh (linkedin.com)</p></div></p>
<p>When the daily deals trend collapses, the third-party client apps that streamline daily deals will be the first to go. We're getting a whiff of that today with the announcement that <a href="http://www.citypockets.com/">CityPockets</a>, a New York-based e-coupon organizer that aggregates all of your deals, is shutting down.</p>
<p><!--more-->In an email sent out to users today, CEO <a href="http://www.betabeat.com/2011/08/29/citypockets-founder-cheryl-yeoh-on-her-start-ups-first-acquisition-and-the-emerging-wework-mafia/">Cheryl Yeoh</a> wrote:</p>
<blockquote><p>I deeply regret to announce that CityPockets will completely shut down on June 30, 2012, since we are no longer able to maintain the product for a variety of reasons....We'd like to direct you to our friends at DealsGoRound and Yipit, both offering deal management services and we hope that they will fulfill your needs.</p></blockquote>
<p>Ouch. Directing your users to former competitors? That's gotta sting.</p>
<p>"We've always been friends with DealsGoRound and Yipit, and wanted our loyal fans to have an alternative to store / manage their vouchers," Ms. Yeoh told Betabeat via email. "It's only fitting for us to show some love to our fellow daily deal friends."</p>
<p>Fortunately for CityPockets fans, Ms. Yeoh also took the opportunity to announce a new venture: It's called <a href="http://www.reclip.it/">Reclip.It</a>, and it's a "social catalog" for the sharing of deals, coupons and discounted products. The social component means that you can follow "deal bloggers, friends, or brands and get notified whenever they clip a good deal into their folder." It <a href="http://reclipit.com/clips?public=true">looks</a> pretty much exactly like a Pinterest for coupons.</p>
<p>Even though CityPockets will be completely shutting down on June 30th, ReClip.It's similarities--both in industry and concept--make it seem more like a pivot than anything else.</p>
<p>"People have been clipping coupons for decades and the industry that has been primarily driven by ad-ridden, cluttered and outdated coupon sites is ripe for disruption," said Ms. Yeoh.</p>
<p>"We're initially focusing on serving the mommy bloggers who curate coupons and deals on their website to the 32M moms who subscribe to them," she added.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_44935" class="wp-caption alignleft" style="width: 250px"><a href="http://www.linkedin.com/in/cherylyeoh"><img class=" wp-image-44935 " title="cheryl" src="http://nyobetabeat.files.wordpress.com/2012/05/cheryl.jpg?w=300&h=300" alt="" width="240" height="240" /></a><p class="wp-caption-text">Ms. Yeoh (linkedin.com)</p></div></p>
<p>When the daily deals trend collapses, the third-party client apps that streamline daily deals will be the first to go. We're getting a whiff of that today with the announcement that <a href="http://www.citypockets.com/">CityPockets</a>, a New York-based e-coupon organizer that aggregates all of your deals, is shutting down.</p>
<p><!--more-->In an email sent out to users today, CEO <a href="http://www.betabeat.com/2011/08/29/citypockets-founder-cheryl-yeoh-on-her-start-ups-first-acquisition-and-the-emerging-wework-mafia/">Cheryl Yeoh</a> wrote:</p>
<blockquote><p>I deeply regret to announce that CityPockets will completely shut down on June 30, 2012, since we are no longer able to maintain the product for a variety of reasons....We'd like to direct you to our friends at DealsGoRound and Yipit, both offering deal management services and we hope that they will fulfill your needs.</p></blockquote>
<p>Ouch. Directing your users to former competitors? That's gotta sting.</p>
<p>"We've always been friends with DealsGoRound and Yipit, and wanted our loyal fans to have an alternative to store / manage their vouchers," Ms. Yeoh told Betabeat via email. "It's only fitting for us to show some love to our fellow daily deal friends."</p>
<p>Fortunately for CityPockets fans, Ms. Yeoh also took the opportunity to announce a new venture: It's called <a href="http://www.reclip.it/">Reclip.It</a>, and it's a "social catalog" for the sharing of deals, coupons and discounted products. The social component means that you can follow "deal bloggers, friends, or brands and get notified whenever they clip a good deal into their folder." It <a href="http://reclipit.com/clips?public=true">looks</a> pretty much exactly like a Pinterest for coupons.</p>
<p>Even though CityPockets will be completely shutting down on June 30th, ReClip.It's similarities--both in industry and concept--make it seem more like a pivot than anything else.</p>
<p>"People have been clipping coupons for decades and the industry that has been primarily driven by ad-ridden, cluttered and outdated coupon sites is ripe for disruption," said Ms. Yeoh.</p>
<p>"We're initially focusing on serving the mommy bloggers who curate coupons and deals on their website to the 32M moms who subscribe to them," she added.</p>
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