Daily deal mastermind Shane Bradley is leaving GrabOne, the company he co-founded, next month.
While he will step down as chief executive, the Heraldreported that he would remain as an advisor. GrabOne CFO Vaughan Magnusson will replace him.
"It's been 16 years of 70-odd hour weeks back-to-back and not much downtime," Bradley told the paper. "I want to spend some more time with my kids."
Last year he sold off his remaining 25 percent stake in IdeaHQ, the holding company for GrabOne, to APN.
APN (which owns the Herald) now owns GrabOne in full.
In 2011, Bradley spoke to Idealog for a cover story and predicted a major consolidation in the daily deal market.
“People will start shutting down. There’ll be a number one, a number two, and there won’t be anything else. That’s how it’ll play out.”
While the market seems to have cooled off since that story was published, GrabOne remains the dominant player by market share.