I visited my son in Washington DC this week.
As an entrepreneur, it was interesting to get a sense of the scope (they do a lot more than daily deals), scale (5,000 employess in just three years), and pace of the company like this.
LivingSocial raised enough money (at a $6 billion valuation) that, even though they lost over $500 million on operations last year, they are on pace for their targets – including an initial public offering in the near future.
As I watched the swarms of people huddling, white-boarding, and doing what they do … It occured to me that what once seemed like chaos is re-organizing at a higher level of order. Teams are relying more on project management; key performance indicators are well known and well tracked; and they are moving to a matrix organization management to get things done.
All-in-all, it was impressive. Moreover, they are keeping the "prize" in plain sight. Here's a picture of Ben and me in front of a LivingSocial motivational mural titled "Intergalactic Winning".
It's next to a world map that shows the markets in which they've gone live, and it's a reminder that cool things happen when you focus relentlessly on big goals and an even bigger future.