The CEO of Groupon has no regrets in getting his company to an IPO as quickly as possible, according to a letter to shareholders published on AllThingsD:
“Although there are risks in moving too fast, companies often don’t survive long enough to apologize for moving too slow,” Mason writes. “Perhaps more importantly, by moving quickly, we reached a scale that has helped us solidify our market leadership, and accumulated data that is enabling our future and helping us continuously improve the experience of our customers.”
Translation: “If we had moved any slower, people would have realized just what a bad investment we are. I mean come on, online coupons? Literally everyone and their mother can enter this market and copy us.”
