Who developed Groupon?
Andrew Mason
The idea for Groupon was created by former CEO and Pittsburgh native Andrew Mason. The idea gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in seed money to develop the idea.
How much is Eric Lefkofsky worth?
4.1 billion USD (2021)
Eric Lefkofsky/Net worth
How much is Brad Keywell worth?
As of August 2020, his net worth was estimated at US$ 2.7 billion. Keywell is the recipient of the 2019 Ernst & Young World Entrepreneur Of The Year award….
| Brad Keywell | |
|---|---|
| Alma mater | University of Michigan (BBA & JD) |
| Occupation | Founder and executive chairman, Uptake Technologies |
| Spouse(s) | Kimberly |
| Website | bradkeywell.com |
How much is Andrew Mason worth?
In November the initial public offering (IPO) allowed Groupon to raise $700 million, which raised Mason’s net worth to $1 billion and increased Groupon’s value to $12.7 billion.
Why is it called Groupon?
The word “Groupon” is a portmanteau of the words group and coupon. The company partners with providers of goods and services by hosting a discount deal and keeping a percentage of the profit as a marketing fee.
Where does Eric lefkofsky live?
According to California press reports, Chicago-based Lefkofsky and his wife, Liz, paid $33.3 million in November for the 9.3-acre estate in Montecito, near Santa Barbara. The estate, called Salt Hill, includes an 8,200-square-foot mansion and several smaller buildings.
How did Groupon fail?
There was no effective way to limit the quantity of items you sold at a discount. Shops were driven into bankruptcy because Groupon sold thousands of items below cost. That’s crazy.” In other words, the company never did become adept at bridging the gap between traditional commerce and the web.
How did Andrew Mason start Groupon?
When he was a 29-year-old music major at Northwestern University, Andrew Mason became the brains behind Groupon (GRPN). Playing off the words “coupon” and “group,” the site offers daily discounts on services and products.
Why was Andrew Mason fired?
“I was fired today,” Mason wrote in a letter to employees. “If you’re wondering why … you haven’t been paying attention.” He cited the company’s controversial accounting techniques, its failure to meet its own financial projections, and its deep and dramatic stock decline.
Who is the CFO of Groupon?
Melissa Thomas
Cinemark Holdings Inc. has named Melissa Thomas, Groupon Inc.’s chief financial officer, as its new CFO, effective Nov. 8.
Does Groupon work in Canada?
Groupon is available to citizens of these countries: Canada, Poland, Mexico, Italy, Israel, Holland, United States, Japan, Brazil, Germany, France, Portugal, Turkey, Romania, Peru, Argentina, Belgium, Chile, United Kingdom, Spain, Greece, Sweden and Colombia.