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How We Acquired Groupon.com

Mixergy’s Andrew Warner recently interviewed Groupon’s Andrew Mason. This clip discusses how Groupon got Groupon.com.
Full interview with video and transcription can be found at Mixergy.
Andrew calls it ‘the perfect name’, but another fellow with a similar idea already owned Groupon.com. He didn’t want to sell it and he didn’t want to work together. Only later, after obtaining a trademark for ‘Groupon’, which extended to the domain owner’s home country of England, were they able to talk him into selling. Did they pay too much? Andrew doesn’t think so. It helps to remember that Groupon is now doing hundreds of millions in sales annually, but in the interview he states, “We bought it in May of 2009 or something like that, for maybe $250,000 dollars, which seemed like a lot at the time, but now seems cheap.”

(Click arrow to hear clip) How We Acquired Groupon.com

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2 Comments

  1. Over the weekend, I asked Joe to pull that clip too.

    What an amazing story.

    Tuesday, July 20, 2010 at 7:40 am | Permalink
  2. John wrote:

    Hey Andrew. thanks for stopping by.
    Do you realize how high you’re setting the bar with Mixergy?
    Totally crushing it.
    Thanks for all the inspiring stories.

    Tuesday, July 20, 2010 at 9:16 am | Permalink

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