This post is an echo to an article published on techcrunch that I really liked: Being “first” versus being “best”. Well, i just realized there is another thing that we’ve learnt with Groupon’s turmoil over the past 6 months. What the point of being fast if you’re not great.
While in January 2007, Andrew Mason started working on a do-gooder enterprise called The Point, it seemed to be clear where it was heading to. But something went wrong and unfortunatly, Groupon has mucked up the whole group buying business worldwide within two years, being the fastest company in history, but also one of the most unpopular one while it was supposed to become the greatest do-gooder ever.
It’s a shame. Groupon just missed the path it was supposed to take and left behind it a mess instead.
It’s always better being great and best than first and fast.
Oh ! And be careful with a guy who has a twitter profile picture of him excitedly unwrapping a Nintendo Wii in his underwear and has also posted a video of himself on YouTube in his underwear performing yoga… This is weird for the CEO of a supposed-to-be great company.