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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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But Groupon’s IPO has brought an uncomfortable spotlight onto Lefkofsky.

While some attention focuses on his ambitions as an investor in tech startups, others see a “spotty history” and draw parallels between the past and the present.

Not long after that transaction, Ha-Lo declared bankruptcy.

In early 2000, Starbelly sold itself to another company called Ha-Lo Industries for $240 million, much of which went to the author of those words, a man named Eric Lefkofsky.

Before Starbelly, Keywell and Lefkofsky founded a sportswear company called Brandon Apparel. Everyone remembers things they said a decade or more ago they may regret today.