| SAN FRANCISCO
SAN FRANCISCO May 16 Former Groupon Inc.
Chief Executive Andrew Mason is moving to San Francisco
to start a company after recently recording an album of
"motivational business music," according to an update on his
blog on Thursday.
"If there's a silver lining to leaving Groupon, it's the
opportunity to start something new," Mason wrote. "I've
accumulated a backlog of ideas over the last several years, my
favorite of which I'll be turning into a new company this fall."
"As part of this, my wife and I are moving to San Francisco
later this summer," he said in the blog. ()
Mason said he intends to keep his Chicago-area home.
Groupon ousted Mason earlier this year after the company
suffered several quarters of losses as demand for its daily
deals waned and its European operations fell into disarray.
Mason said on Thursday that he will be spending a day each
week at start-up incubator Y-Combinator in coming months "to
keep my brain from atrophying."
Earlier this month, Mason said he recorded a seven-song
album of "motivational business music" targeted at people
entering the workforce, called "Hardly Workin'."
"I came to realize that there was a real need to present
business wisdom in a format that is more accessible to the
younger generation," Mason said.
"I'm really happy with the results and look forward to
sharing them as soon as I figure out how to load music onto
iTunes, hopefully in the next few weeks," he said.