Founders Who Were Ousted From Their Own Companies

We’ve all heard some amazing company success stories. The people that slept on the floor of an apartment for years until finally coming up with their one great idea. The people that mortgaged their house and put it all on the line on a gut feeling. But what we don’t often hear are the people who finally made it to the top and were later forced out of their own company. You know the saying if you love something set it free? Well, these people didn’t have a choice. From Men’s Warehouse to Facebook, here’s a list of people that were fired from the companies they founded. Do you know what happened to the founder of American Apparel?

Andrew Mason (Groupon)

andrewmasongroupon.jpg

Photo Credit: Fast Company

Andrew Mason started the website Groupon back in 2006 which was then launched in 2008. After becoming wildly successful, the stock price fell to $2.93 and founder and CEO Mason was fired in 2013. He wrote a resignation letter which started off by saying “After four and a half intense and wonderful years at Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding – I was fired today. If you’re wondering why…you haven’t been paying attention.” He went on to accept responsibility for the company’s failures in the years leading up to his termination. Since then, he has released a seven-song album of motivational business music called Hardly Workin.