So the cofounder and president of LivingSocial, Eddie Frederick has actually stepped down from the board that was actually sent out in an email from the CEO tim O?shaughnessy.? If you didn?t know LivingSocial is a direct competitor to Groupon which is now a publicly traded company as of late last year.? Now LivingSocial is also looking into getting into the public domain.? Now one has to wonder if the fact they are going public could of weighted into the decision of the president of LivingSocial decided to step down.? Although I obtained the letter sent from Tim O?Shaughnessy on this major change in the top brass of LivingSocial.? So take what you will from this email he sent out after being informed of Frederick?s departure from the company.
LivingSocialites,
Every so often you have to write one of those emails that you just hate to write. One of those emails that?s on your to-do list all day but you keep procrastinating until finally it?s the end of the day and you can procrastinate no more. Well, it?s the end of the day.
Today I?m writing with a little sadness and a lot of gratitude to let you know that Eddie Frederick will be stepping down from his current position on our leadership team and our board and moving on to new challenges and adventures (and if you know Eddie, you have no doubt that there will be plenty of new ?adventures?). As friends and colleagues, we wish him the best.
A big reason for the success and vision of LivingSocial has been the leadership and passion of one of our founders. Eddie has seen it all at LivingSocial ? his work has ranged from leading our user acquisition efforts to A/B testing button colors for Facebook Apps to pushing to launch Me + 3 and countless other contributions. Importantly, he?s also been a partner and driving force in always pushing us into new business opportunities and scaling existing businesses even further. His ?negative space? view has provided a unique voice as we?ve grown. On every decision, Eddie framed it with a binary question: Does this help us win? And he usually helped us get the right answer.
Please join me in thanking Eddie in helping us become the company we are today, and helping position us for the company we?ll become in the future.
?
Tim O?Shaughnessy
CEO