From Mount Lebanon, Pennsylvania, Andrew Mason grew up in a Jewish home. At just the age of 15, Mason showed entrepreneurial greatness with the beginning of his morning delivery service, “Bagel Express”. Mason graduated from Mount Lebanon High School in 1999, just before the turn of the century.
After his Pittsburgh days, Mason then went to nearby Chicago for school in the prestigious Northwestern University. Although not majoring in a business field (in fact, he majored in music), Mason began working in entrepreneurial web design for his partner Eric Lefkosky. However, Mason’s academic journey did not yet end as he attended the University of Chicago’s Harris School of Public Policy through a full scholarship. Just as many rich successful young entrepreneurs, Mason dropped out.
Mason’s first entrepreneurial venture was The Point, where Lefkosky funded Mason with 1 million dollars to create the web platform in 2006. Apparently Mason really liked the creation aspect of his job project, as The Point gave way to what now is teh idea and website of Groupon. Groupon sells is an eCommerce site that sells deals to local businesses. Since November 2008, Groupon has now sold over six million deals. This company has now recorded to make 800 million dollars of revenue a year from profiting 50% of deal income.
Since then, Groupon has reached multiple milestones, such as a 6 billion dollar acquisition bid from Google, which Groupon turned down. Definitely not too bad for a Mount Lebanon boy.
That’s interesting that he’s from Mount Lebanon. Also interesting that a college dropout started a company that Google made an offer for. Awesome story!
I have always found Groupon very interesting because of its unique coupons and deals. I never would have expected a back story like this! It is extremely interesting to see where Mason has gone from his beginnings to an acquisition offer by Google that was turned down. What a story!
That’s a really cool story Mark! It seems like a lot of great entrepreneurs have dropped out of college to pursue their ideas! Mason’s story is super cool, how he went from just his ideas to getting investors and an offer from Google. Awesome story!