We recently happened upon a new NYC-based online coupon website called Groupon. Every day Groupon offers a new deal from New York restaurants, spas, theaters, events, and more. It’s an idea based on a power in numbers, “collective buying power” theory. Here’s how it works: Groupon promises a business, let’s say a restaurant, that it will sell a minimum number of coupons by the end of the day. If you want the deal, you cruise over to the Groupon website and click “BUY” before the offer ends at midnight. If the minimum number of New Yorkers sign up before midnight, you’ll get a printable gift certificate in your inbox the next morning that you can use until the offer expires. If not enough people join, no one gets the deal and you don’t get charged. Today’s inaugural Groupon is a $25 voucher to Stir Restaurant (1st Ave @ 73rd) for just $10. Interested? Check out the Groupon website for more details. Looks like at least 20 people have to sign up for the deal for it to be good.

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