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backstory is simple: Rob was brought in as adult supervision in case Andrew Mason couldn't handle his shit. Everyone was worried about this with Andrew early on
by wallabe 16y ago
backstory is simple: Rob was brought in as adult supervision in case Andrew Mason couldn't handle his shit. Everyone was worried about this with Andrew early on (this is why so many VCs passed on Groupon in '09). Now Andrew has consolidated his position and at least proven he can handle rapid growth. No need for Rob. Therefore, Rob (who doesn't like Chicago anyway) has no reason to stay because he's not going to be CEO.
That's all the backstory you need.
- Gaussian 16y agoMakes sense. Rob was never a bus driver, that I could tell. Andrew and Eric are, and have been, at the reins.
- yakto 16y agoWell, that settles it then. Nothing to see here, folks. Absolutely no chance that Rob was pushed. Wallabe (HN'er for 1 day) says so. I've interviewed Rob. He's awesome. But he doesn't strike me as someone who voluntarily passes on a wild IPO ride, just because "he doesn't like Chicago anyway."
- brown9-2 16y agoThat's all the backstory you need. And this comes from who...?
- jprobert 16y agoIf this was a planned exit all along and he was only meant to be on short term then Groupon would have prepared a better statement. I assume that whatever equity he has he'll keep as he was looking for a big pay day and I don't know why he would pass that up.
- jforman 16y agoNo reason other than, oh, on the order of $100MM in unvested shares?