Andrew Mason
Andrew Mason
Andrew D. Masonis an American businessman and entrepreneur. He is the founder and former CEO of Groupon, a Chicago-based website offering users discounts on local businesses...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
flower bouquets dandelions
If dandelions were hard to grow, they would be most welcome on any lawn.
serious-person serious persons
I'm weird. But I'm a pretty serious person.
giving people great-people
Hire great people and give them freedom to be awesome.
mistake errors making-mistakes
Admit your errors before someone else exaggerates them.
businesses experience local
The experience is fundamentally different for buying from local businesses than it is for buying consumer goods.
If you look at Myspace, Facebook was a better product. It's as simple as that.
businesses exist few primarily products stories success
One of the things I realized... is how few success stories there are in websites or products or businesses that exist primarily for an altruistic purpose.
almost customers deliver element rendered smallest
The popularity of Groupon has almost rendered the group-buying element of it obsolete, because we're able to deliver so many customers that the merchants are very happy with even the smallest number that we can provide.
believe people
If I told people that I knew what I was doing, nobody would believe me, so why even try and fake it?
add board continue fit privileged work
I'm going to continue doing my thing and work my butt off to add value for shareholders and as long as they and the board see fit to keep me in this role, I feel enormously privileged to serve.
deal everybody
Everybody loves a deal on a restaurant or skydiving or laser-hair removal.
capitalist riding stop
I look at being a capitalist businessperson like riding a bike - if I go too slowly, I'll fall over. Or it's kind of like a shark: if I stop swimming, I'll just die.
founder useful
Am I as experienced, or mature, or smart as others CEOs? No probably not, but there's something, I think, very useful about having a founder as the CEO.
amount barriers business direct equal handful proof remotely spite success
There are over 2,000 direct clones of the Groupon business model. However, there's an equal amount of proof that the barriers to success are enormous. In spite of all those competitors, only a handful are remotely relevant.