From the moment the company offered its first deal, LivingSocial has been on a growth spurt. Their first deal came out in Washington D.C., and the offer was for a meal at a local restaurant that was worth $50, but offered by LivingSocial at half the price. 54 customers bought the first offer. When the company announced the same offer a couple of years later, more that 6,000 people bought it.
One of the keys to the outstanding success of LivingSocial is Tim’s obsession in the business. His daily schedule starts at 5 in the morning, pouring through performance data of the day before. When he’s not working on new projects for the company, Tim makes it a point to spend time with employees, and does his best to get to know all of them. Unfortunately, the company now has 5,000 employees worldwide, yet he still does his best to become closer to those that he meets.
Besides focusing on the company’s core business, Tim works hard to expand the business by acquiring other companies that are somewhat related to the industry. The company has acquired several social sites like Urban Escapes, GoNabit, and Thailand and Philippine based daily deal company called Ensogo. Their latest acquisition was ONOSYS, a company that provided mobile ordering services.
In addition to taking care of the business side of the company, Tim also ensures that employees have a fun yet challenging working environment. Many of their offices have game rooms where employees can spend time to relieve stress. He also ensures that employees work a weekly schedule of Monday through Friday, thus prohibiting them from working on the weekends.