Groupon’s Andrew Mason demonstrates how to stonewall
By Sarah McBride in Palos Verdes
Once he got entrepreneurial, Groupon founder and CEO Andrew Mason had to change his stance onÂ copycatting. What he once consideredÂ plagiarism – after a few years in the wild and woolly world of business –Â he now considers fair game. Sorta.
âThey call it competition,â he told conference-goers at All Things Digital in Rancho Palos Verdes.
These days, âIâm used to it. Iâm on board,â he said without enthusiasm, while the audience laughed. (Grouponâs online-deal competitors include Living Social.)
The music student-turned-Web entrepreneur also shotÂ interviewer Kara Swisher a series of increasingly stoney looks as she probed insistently about a possible IPO for Groupon, before finally warning her off with the deadpan comment âawkwardâ.
Mason can afford to be cavalier about many things these days. A Web and consumer phenom, Groupon has the wherewithal to continue growing at a breakneck pace while fending off suitors — it reportedly told Google and its $6 billion takeover offer to shove off. The company is now rocketing toward what would be, when it finally comes to pass, one of the Internet world’s most-anticipated IPOs.