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

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

#12

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

If you like without fail I'd also recommend internet history podcast http://www.internethistorypodcast.com/

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

#13
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.

Narp, I mean sure he didn't get to keep his tenure as CEO, but he was barely in his 30's when Groupon changed hands to stock brokers, who'd rather have a more experienced - read: stock price level manager - CEO at the helm.

I wouldn't trust myself running a big company!

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

#14
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.

Very true. He's apparently worth $200million. That's generational wealth 99% of us can only dream of.

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

#15
post #2

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.

Sounds like Sauce's Trip Hosley made the right call hanging up the phone when Groupon's Andrew "Andy" Johnston called:

http://sfist.com/2013/08/19/groupon_salesman_threatens_resta...

>Groupon Salesman Threatens Restaurateur Because He Hung Up On Him, Gets Canned

>Groupon Area Sales Manager Andrew Johnston got on the horn to Sauce restaurant last Friday, and spoke with partner Trip Hosley, a co-owner of Sauce's two locations. As the Inside Scoop reports, Hosley was busy at the time of the call and had had enough negative experiences with Groupon to not want to waste another minute on the phone with a salesperson.

>Johnston, though, took things in a pretty unprofessional direction, however, when he shot off an email to Hosley right after the call threatening to bring down the wrath of bad Yelp reviews on him in response to his rude hangup. To wit:

>Hi Trip!

>I sincerely appreciate you hanging up on me. As a resident of San Francisco for over 25 years, I have a huge network of friends (ages 25-40) that all are extremely active on Yelp as well as other social media. I will gladly let them know how you treated me as well as my feelings about the people who run Sauce.

>Go Giants!

>Andy

https://www.facebook.com/SauceSF/posts/unbelievable-customer...

>Andy,

>You must be new to cold calling, you might want to develop a thicker skin, or work for a less despised company.

>Despite what you might think, you have NO right to my time. I told you that I was not interested and asked you twice to remove me from you call list, as I have EVERY time I have been called by a representative from Groupon since our last, horrific, experience with your company. I do not have to give you any more chances, you do not have the right to interrupt me, take time away from my already busy day or to force me to listen to how new and wonderful Groupon is, I am not interested. You would be saving yourself time and energy by removing me from your call list, and focusing on business with whom your company has not already burned bridges.

>We had a relationship with Groupon, Groupon messed it up, we no longer want to have a relationship with Groupon, end of story. After two or three years it would seem like you could respect my wishes as a business owner not to deal with your company and leave me alone.

>All the best,

>Trip

I wonder if Andrew "Andy" Johnston and his huge network of friends (ages 25-40) were an inspiration for that 2015 "You're Not Yelping " South Park episode, and if they have a good time eating boogers and cum:

https://www.youtube.com/watch?v=pDlR_ccnZww

Historic discussion with archive links, showing how "Andy" actually carried through with his threats, and had a history of writing many fake reviews a day for quite some time (which apparently got him promoted to "area sales manager"):

https://news.ycombinator.com/item?id=6229410

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

#16
post #2

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.

https://twitter.com/kenjennings/status/339170784406810624

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

#17
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.

In fact, he was able to cash out before he was fired. How often does that happen?

https://www.forbes.com/sites/joanlappin/2013/03/05/dont-cry-...

The entire Groupon story is a black stain on Chicago startup history.

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

#20
post #19

Why did he get fired? At that time the company was attracting lot of customers and doing fairly well. I like this guy. He is so funny. The lay off letter was hilarious.

The article explains it, he had a few issues with board members and after bad performance on Q3 numbers, he was told make it happen Q4. They had some sort of tax liability in France that hit them $10 million and because of it didn't hit Q4 numbers. That was that.
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