• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it

2

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

3

Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars

1

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it

2

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

3

Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars

Andrew Mason’s Groupon legacy: It’s okay to leave

By
Katie Benner
Katie Benner
Down Arrow Button Icon
By
Katie Benner
Katie Benner
Down Arrow Button Icon
March 1, 2013, 11:01 AM ET
Add Fortune on Google for similar content.
Andrew Mason.

FORTUNE — The man-boy founder of Groupon was fired yesterday. If you haven’t read his letter to employees, do yourself a favor and click here. Mason took a lesson from the Carol Bartz school of honesty (“Yahoo f*cked me over”), dialed down the bitterness and the profanity, and upped the references to old school Nintendo. Yes, he was axed; but he recaptured the mantle of Most Liked Groupon Person, even if just for a moment. (He continues to be charming on Twitter. You should follow him here.)

Mason, 32, leaves co-founder Eric Lefkofsky and vice chairman Ted Leonsis to steer Groupon (GRPN), find the next chief executive, and get the company on track. Mason will likely be remembered as a brilliant, arrogant, eccentric, anti-authoritarian (or at least anti-normatively polite) startup whiz kid. Thanks to Steve Jobs and the Jesse Eisenberg version of Mark Zuckerberg, this puts him in good tech-startup-fantasy company. Lefkofsky, Leonsis, and the incoming CEO will have the tough job of making Groupon successful.

MORE: Trailblazers – 11 people changing business

A sort of positive glow is already being built around Mason’s legacy. Forbes, for example, claims that Mason “did what great founders do: He innovated and he built.” (And he pushed the envelope on GAAP accounting!) Mason was incredibly likable in his I Was Canned letter. You sort of want to give the guy a hagiography-lite to get him through the next few months in the wilderness.

But what I really like about Mason’s departure is that he accepted with grace and humor the fact that his company had outgrown him. He was good at coming up with a new idea for a business. But he was bad at growing and managing that business, fending off competitors, and adapting to a fast changing landscape.

Haven’t we seen this before with other founders? Sometimes the person who has the genius idea can take a company only so far. Sometimes it takes a different manager with a broader vision to make a startup a permanent, thriving, growing, changing, innovating part of the corporate landscape. I hope the idea that it’s okay for founders to leave becomes part of Mason’s Groupon legend. And given that Mason was fired and didn’t decide on his own that Groupon needed a new leader, his departure also shows why it’s so important for companies to have strong boards that aren’t just there to push the founder’s agenda.

Andrew, we’ll miss you terribly, too. That is, until you come back.

They always come back.

About the Author
By Katie Benner
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Iran floats ‘insurance fees’ and asserts control over Hormuz
EnergyIran
Iran floats ‘insurance fees’ and asserts control over Hormuz
By Alex Longley, Alaric Nightingale, Ellen Milligan and BloombergJune 20, 2026
37 minutes ago
Utah’s measles outbreak has slowed, but the start of school and colder weather in the fall may create another surge. ‘It’s still transmitting’
HealthMeasles
Utah’s measles outbreak has slowed, but the start of school and colder weather in the fall may create another surge. ‘It’s still transmitting’
By Devi Shastri and The Associated PressJune 20, 2026
46 minutes ago
New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers
BankingFederal Reserve
New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers
By Christopher Rugaber and The Associated PressJune 20, 2026
1 hour ago
World Cup fans say tickets never arrived and orders were canceled. ‘He had told all his friends that he was going to that game. He literally cried’
Travel & LeisureSoccer
World Cup fans say tickets never arrived and orders were canceled. ‘He had told all his friends that he was going to that game. He literally cried’
By R.J. Rico, Emilie Megnien and The Associated PressJune 20, 2026
1 hour ago
Trump shows off new Air Force One, a gift from Qatar, and admits ‘a normal president wouldn’t do this’
PoliticsDonald Trump
Trump shows off new Air Force One, a gift from Qatar, and admits ‘a normal president wouldn’t do this’
By Seung Min Kim, Manuel Balce Ceneta and The Associated PressJune 20, 2026
1 hour ago
Senators are particularly concerned about the $300 billion fund for Iranian reconstruction as Congress asks if war was worth it
PoliticsIran
Senators are particularly concerned about the $300 billion fund for Iranian reconstruction as Congress asks if war was worth it
By Lisa Mascaro and The Associated PressJune 20, 2026
2 hours ago

Most Popular

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeJune 19, 2026
1 day ago
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
2 days ago
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
Success
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
By Preston ForeJune 17, 2026
3 days ago
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
3 days ago
Exclusive: Azzi Fudd joins Project B, the international league chasing a billion-dollar opportunity in global basketball
MPW
Exclusive: Azzi Fudd joins Project B, the international league chasing a billion-dollar opportunity in global basketball
By Emma HinchliffeJune 19, 2026
1 day ago
The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America
Success
The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America
By Nick LichtenbergJune 17, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.