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Oct 30, 2020

Drinking too much of your own BS Kool Aid!: Programmer Rejects $6 Billion, Gets Fired From His Own Company

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This is what happens when you drink too much of your own BS Kool Aid!
Programmer Rejects $6 Billion, Gets Fired From His Own Company

In just four years, Andrew Mason turned his Wordpress blog into an empire only to have it slip away

Alan Trapulionis
Oct 19 · 8 min read
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Andrew Mason, Groupon co-founder and ex-CEO. Wikimedia commons image

Get a music degree.

Realise it's not exactly in demand.

Teach yourself coding.

Get an internship in designing websites.

Mention a website idea to a coworker.

Get back into school to study politics.

Get a call from your former boss. He likes your website idea.

A week later, get a million dollars to build your website.

Spend months perfecting every detail. Launch it.

Watch it fail to take off.

Panic.

Pivot in desperation.

See your other idea grow exponentially.

Hire 1,000 people in the next year.

Raise over $1 billion in the next four years.

Pay yourself $200 million. Buy a piano.

Grow faster than Facebook.

Receive an offer from Yahoo for $2 billion.

Reject it.

Receive an offer from Google for $6 billion.

Reject it.

Invent an accounting method to inflate your valuation to $30 billion.

Get forced into an IPO by your board.

Face public scrutiny.

Get called the worst CEO of the year.

See your stock price drop by 80% in a year.

Get fired.

Release a music album. Live to tell the tale.

Yes, this is a real story. This is the story of Andrew Mason, the co-founder of Groupon.

Facts and quotes taken from these five sources.



Read the whole story on Entrepreneur's Handbook | Oct, 2020 here
https://entrepreneurshandbook.co/programmer-rejects-6-billion-gets-fired-from-his-own-company-82c7abeb3b60 


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