If 'Groupon Is A Disaster,' Why Do So Many Smart, Famous Business People Believe In Andrew Mason?

Marc Andreessen

Photo: All Things D

There is a strong popular sentiment out there that Groupon is a sham business and that the people behind it are greedy creeps who are in it to cash out.An AP story we published titled “Groupon Is A Disaster” has 300,000 pageviews and 137 mostly concurring comments.

That’s a lot!

This is not our opinion of the company. We think Groupon has invented a new form of advertising for small businesses, and that is has been plagued by a series of missteps natural to a company growing so fast.

But really, who cares about our opinion?

Something that surprised us during the reporting for INSIDE GROUPON: The Truth About The World’s Most Controversial Company was the number of big time, highly-respected business people out there who are close confident’s to Groupon CEO Andrew Mason.

A selection from the roster:

  • Netscape cofounder and Silicon Valley king, Marc Andreessen.
  • Starbucks founder Howard Schultz.
  • Netflix founder Reed Hastings.
  • Linkedin cofounder Reid Hoffman.
  • Early AOL leader and Washington Capitols owner, Ted Leonsis.
  • Early Google investor, John Doerr.

These people believe in Mason and Groupon, and that has to count for something, right?

MORE: INSIDE GROUPON: The Truth About The World’s Most Controversial Company

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