The Education of Groupon CEO Andrew Mason(businessweek.com) |
The Education of Groupon CEO Andrew Mason(businessweek.com) |
I'm glad he did this interview since it is putting faith back into investors and the general public. It's pretty apparent that he is looking to do more than just sell daily coupons or sellout to a company offering him billions of dollars. He seems genuinely interested in doing something good with Groupon. Though he still has a ways to go, I give him respect for doing it for the right reasons.
That last paragraph seems far more damning of the author than of Mason -- they're so disappointed that he doesn't have any obvious status symbols and he's riding off on a moped.
Good for him, and shame on them, for equating consumption with success.
(he should really wear a helmet, though!)
Why?
Groupon: How much is a lunch meal?
Restaurant: $10
Groupon: Great, here Ill give you $2.50 for it!
Restaurant: uh.. I'm not so sure about this...
Groupon: Hey customer! Come get this lunch deal. I got a great deal for you, $10 lunch for $5!
Customer: Uh, ok.
Groupon: Sweet! I just pocketed $2.50! Isn't this a great deal!
Restaurant: WTF! I just lost 75% of my gross by doing this with Groupon!
[1]http://newsroom.mastercard.com/2012/07/13/mastercard-speaks-...