Andrew Mason
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Andrew Mason
Founder Groupon
"The accident of my success comes from injecting creativity into normal, sterile situations," says Andrew Mason. Like clipping coupons. With Groupon, Mason married consumers' penchant for sales with the business leverage of collective buying to score ridiculously good deals on everything from frozen yogurt to French bistros to teeth whitening. Six million subscribers are offered a new deal on the Web site each day: If a minimum number take the bargain, the coupon is unlocked; if not, it's gone for good. To foster an insider vibe, the 29-year-old Pittsburgh native and Chicago resident favors local spots over national chains and uses humor writers to describe the daily deals. Launched in November 2008, Mason's fresh take on bargain hunting was recently valued at $1.35 billion.
— Damian Joseph
"The accident of my success comes from injecting creativity into normal, sterile situations," says Andrew Mason. Like clipping coupons. With Groupon, Mason married consumers' penchant for sales with the business leverage of collective buying to score ridiculously good deals on everything from frozen yogurt to French bistros to teeth whitening. Six million subscribers are offered a new deal on the Web site each day: If a minimum number take the bargain, the coupon is unlocked; if not, it's gone for good. To foster an insider vibe, the 29-year-old Pittsburgh native and Chicago resident favors local spots over national chains and uses humor writers to describe the daily deals. Launched in November 2008, Mason's fresh take on bargain hunting was recently valued at $1.35 billion.
Web Site http://www.groupon.com/
Twitter AndrewMason
Groupon is a deal-of-the-day website that is localized to major markets in the United States. The first market for Groupon was Chicago, followed soon thereafter by Boston and New York City. As of January 2010, Groupon serves more than 40 markets. Groupon debuted in November 2008 as part of The Point, a platform for collective action.
The idea for Groupon was created by, now CEO, Andrew Mason. The idea subsequently gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in "seed money" to develop the idea. The site launched in November 2008.[1]-- Wikipedia (5/25/2010).
