I have a great deal of respect and admiration for Andrew Mason, the founder and CEO of Groupon. He’s built an amazing business and maintained a sense of humor along the way. In the quote below, he articulates a view on life that I wholeheartedly agree with. It’s awesome that he can be 100% focused now on building Groupon to reach it’s full potential and not have his business decisions be influenced by personal financial gain. It’s a difficult process to determine what’s “enough” money to have in life (and it’s an intensely personal process) but it’s very constructive, otherwise one can end up constantly striving for more without knowing what to do with it.
Some of Groupon’s early investors and its founders just sold a $135 million portion of their stock in the company at $1 billion-plus valuation to Russian holding company Digital Sky Technologies (DST).
We called Groupon CEO Andrew Mason and asked him if he was going to use the money to buy a new car or an apartment.
Nope, he told us.
“I’m not a fancy, flashy guy,” he said.
“For me, the reason to do this was to solve a binary life problem,” he explained.
In life, Andrew says, “You either have enough [money] or you don’t.”
“When people came with a lot of money to buy a very small percentage of Groupon and it was enough to permanently solve the money problem, why would I not want to do that?
“Now I can focus on making Groupon great.”
Read the full post on Forbes.