Breakout Companies of 2010

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LivingSocial
Washington, D.C.
Founded in 2007

Why they’re on the list: Because they’re hiring like crazy (about an employee a day)

Either in spite of or because of the recession, consumers seem to have acquired an insatiable appetite for bargains – a trend that has helped fuel the explosive growth of LivingSocial, the social buying company. Customers can now tap discounts to their favorite restaurants, spas and movie theaters in more than 100 cities around the world. And, by raising some $50 million in investment capital this year, including a $175 million with Amazon.com, LivingSocial, which continues to hire a new employee just about every day, promises to keep its growth trajectory on the fast track.