Groupon CEO On Attack Of The Clones [Video]

Wednesday, April 7th, 2010

Groupon’s Andrew Mason is well aware of all the Groupon-esque sites but he says he’s picking his battles:

“At first it was definitely really weird, just because my motivation as an entrepreneur, internet person, is so different from the type of person that would go and copy something exactly… The first couple of times we saw these sites it would be just people copying our exact design…to a tee everything that we were doing. When we made changes, a couple of days later they would make those changes. Like even stupid things we were doing, like we could have run a deal on porn and there probably would have been 80 other sites that would have run a deal on porn the next day. It was strange. After awhile you just shut it out and go on doing what you do.

Mason says he’s focused on growing the company with plans to be in 100 cities by the end of this year. Groupon will also break up larger cities into subareas. For example, the suburbs surrounding Chicago or the smaller cities in the Bay area will soon each have their own daily deal. He did not explain how Groupon will continue to leverage and work with social media tools, but he did mention that he’s very “excited about some of the stuff that Facebook’s announcing later this month.”

Company: Groupon
Website: groupon.com
Launch Date: November 11, 2008
IPO: July 11, 2011, NASDAQ:GRPN

Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...

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Person: Andrew Mason
Companies: Groupon, The Point

Andrew Mason is the founder of Groupon as well as The Point, the collective action platform from which Groupon was born. Andrew is originally from Mt. Lebanon, Pennsylvania. Mason moved to Chicago in 1999 to attend Northwestern University and graduated with a degree in music. He went on to attend University of Chicago’s Harris School of Public Policy only to drop out three months later.

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