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Former Groupon CEO Andrew Mason on what the roller-coaster ride felt like

nymag.com

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Re: Former Groupon CEO Andrew Mason on what the roller-coaster ride felt like

#2

Post by shoo »

https://www.ribbonfarm.com/2013/04/03/the-locust-economy/

> He added one little factoid I did not know: offering a Groupon deal is by now so strongly associated with a desperate, dying restaurant that professional food critics tend to write off any restaurant that offers one without even trying it.

Re: Former Groupon CEO Andrew Mason on what the roller-coaster ride felt like

#4

Post by rjtavares »

I really recommend the "Without Fail" podcast [1], where this is taken from. Alex Blumberg is an interesting guy with a rare perspective (a journalist and radio host turned venture funded entrepreneur), and these are part interviews part conversations. Really liked the first few episodes.

[1] https://www.gimletmedia.com/without-fail

Re: Former Groupon CEO Andrew Mason on what the roller-coaster ride felt like

#7

Post by ryanwaggoner »

rsp1984 wrote: post #5

Andrew Mason is still worth hundreds of millions of dollars. Sure, he was fired from his job, but I wouldn't exactly call that a "fall". It's not like they took away his equity in the company.

You’re so right!

I think we tend to equate failure with not living up to our expectations, no matter how unrealistic they were. Andrew is probably comparing his actual outcome with the potential outcome that was envisioned when Groupon was flying high. He’s not in the three comma club like he expected, or like his (former) peers are. Hence, “failure”.

You could argue that anyone reading this right now on a computer is probably anthropologically successful enough that “failure” is never a fair term to apply to them.

Re: Former Groupon CEO Andrew Mason on what the roller-coaster ride felt like

#8

Post by barking »

Jsharm wrote: post #6

Is there functionally anything bad about getting fired vs resigning? In this situation or any?

I know that in some jobs if you resign they don't have to pay out to the end of your contract. If they fire you they do (unless you're in breach on contract I suppose).

Also if you resign it can be more difficult to get social welfare benefits.

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