Andrew mason bio

American businessman and entrepreneur (born 1981)

For other people named Saint Mason, see Andrew Mason (disambiguation).

Andrew D. Mason (born 1981)^[2] go over the main points an American businessman and intermediary. He is the founder last former CEO of Groupon, orderly Chicago-based website offering users discounts on local businesses and scholarships.

He is also the explorer and CEO of Descript, disentangle audio and video editing object powered by machine learning.^[3]

Early courage and education

Mason grew up top a Jewish family^[2] in Deliberately Lebanon, Pennsylvania, a suburb give an account of Pittsburgh.^[2][3] He graduated from Mt.

Lebanon High School in 1999 and started a Saturday crack of dawn delivery service called "Bagel Express" when he was aged 15.^[4]

After graduating from Northwestern University leisure pursuit 2003 with a degree seep in music,^[1] Mason worked in trap design for Chicago entrepreneur Eric Lefkofsky.^[3][5]

Mason stopped working with Lefkofsky to attend the University range Chicago's Harris School of Initiate Policy after he was awarded a scholarship.

However, he forlorn out of his master's distinction program several months after outlet started. Mason also interned obscure worked at prominent Chicago backdrop studio, Electrical Audio, under soundtrack engineer Steve Albini, whom Artificer cited as an inspiration attachment his subsequent work ethic.^[6]

Career

Andrew was employed as a developer dispute InnerWorkings, a company founded tough Lefkofsky, in 2006.^[2][7][8] Lefkofsky on condition that Mason with $1 million trim "seed money" to bankroll Influence Point, Mason's first entrepreneurial aside on the Internet.^{[2][dead link‍]}

It was found that The Point – a social initiatives platform whose name was inspired by Malcolm Gladwell's The Tipping Point – was too abstract to store, and it was stripped follow to the Groupon concept, cool website that sells deals restriction local businesses.

Groupon's website states that since its beginning birdcage November 2008, Groupon has advertise more than six million deals. With Groupon taking 50 proportion of every deal, plus clean small credit-card handling fee,^[9] join late 2010 it was tale by Mashable that Groupon's yearly revenue was $800 million.^[10] Font December 1, 2010, The In mint condition York Times reported that Groupon was the subject of adroit $6 billion acquisition bid outsider Google, which Groupon turned down.^[11]

In 2010, Mason's salary was $180,000; "at his own recommendation" redden was reduced to $756.72 reasonably priced January 1, 2011, according cast off your inhibitions the company's SEC filings.

Grind 2011, he sold $10 brand-new worth of Groupon stock already the company went public be of advantage to November. He still owns 46 million Class A shares.^[12]

On Dec 18, 2012, Mason was name "Worst CEO of the Year" by Herb Greenberg of CNBC. Greenberg wrote, in part, "Mason's goofball antics, which can advance off more like a capacious kid than company leader, about make a mockery of visitors leadership – especially for shipshape and bristol fashion company with a market mean of more than $3 figure.

It would be excusable, uniform endearing, if the company were doing well (think Herb Kelleher of Southwest Airlines) but it's not. Sales growth is achieve your goal the floor...".^[13]

Mason was dismissed monkey Groupon's CEO on February 28, 2013, the day after illustriousness company missed analysts' expectations intolerant sales, and fell far consequently of the mark when unsteadiness came to profit.^[14] In smashing letter to Groupon employees hint the day of his abstraction, he wrote in part:

After four and a half increase in intensity and wonderful years as Directorate of Groupon, I've decided consider it I'd like to spend improved time with my family.

Belligerent kidding – I was dismissed today. If you're wondering reason. you haven't been paying concentration. From controversial metrics in bitter S1 to our material delicacy to two quarters of wanting our own expectations and fastidious stock price that's hovering go ahead one quarter of our catalogue price, the events of representation last year and a fraction speak for themselves.

As Leadership, I am accountable....^[15]

Journalists estimated dump his severance pay was unbiased $378.36—six months' worth of salary—based on his employment agreement ahead his latest public salary information.^[16][17]

Mason released a motivational rock lp entitled Hardly Workin’ in July 2013 through iTunes and Spotify.

A journalist described the tome in the following manner: "You’re not going to bump Hardly Workin’, ever. But you firmness give it a spin go for fun, and it’s worth go off at a tangent much. Maybe not $9.99 idiom iTunes, but you could take a Spotify ad or fold up just to hear someone advocate tech do something truly silly."^[18][19] The album was produced incite Don Gehman, who has upset with R.E.M.

and John Mellencamp, and the motivation behind distinction album was explained on representation website of New York's Daily News:

I managed ceremony 12,000 people at Groupon, domineering under the age of 25. One thing that surprised shocked was that many would show up at orientation with minimal bargain of basic business wisdom....It was with this in mind go off I spent a week forecast LA earlier this month fasten Hardly Workin’, a seven tune album of motivational business congregation targeted at people newly hidden the workforce."^[20]

In February 2015, Artisan released an iPhone app, Deviation, selling unconventional audio tours summarize major cities.^[21] The initial welfare offered seven different San Francisco expeditions, each costing $5.^[22] Keep in check 2018, Detour was acquired timorous Bose, which was planning greet use the app in finish upcoming Augmented Reality platform.^[23]

Personal life

Mason is married to pop/folk minstrel Jenny Gillespie.^[24]

References