At just 29 years of age, Andrew Mason, founder and CEO of the popular Groupon website, has amassed a fortune of over 600 million dollars. With the Groupon website, daily deals are offered to people across the globe via an online coupon service. Each and everyday Groupon releases new “Groupons” to its customers allowing them to receive discounts on anything from subway meals to laptops and much more. Andrew was given $1 million dollars by his previous employer in order to start this venture which has now made them both a lot of money in the 2 short years it has been up and running. Since then, they have even expanded the website into an easy and convenient mobile app. I’m sure we can expect more from them in the near future.
Lovely post. I’m curious how he pitched the idea in order to receive that amount
As an avid fan and user of Groupon, I absolutely love the company. I’m certainly a money-saver when it comes to purchasing, and this business has provided me the opportunity to do just that. Good post!
Its amazing that Andrew started his venture while he was working for a company. It’s a great story about an intrapreneur.