Speakers in the public record
Claim mix
belief 14evaluation 7commitment 2preference 1prediction 1
Evidence policy
Every row below preserves an exact excerpt. Identified speakers are linked; unresolved voices are labeled and excluded from people counts.
Claim ledger
The useful parts, with receipts.
25 published records
“One even better than that which is it has a negative working capital cycle. Because I collect money from the consumer when I sell this and then I remit funds to the hotel 30 days after you stay and if it’s a two-month average booking window, I'm holding everyone’s cash for 90 days.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“Sure. I like email newsletters, jetsetter, you know, can’t get away with it. But I’ve been loving Money Stuff from Matt Levine.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“One thing that was really powerful about it that I think has allowed it to grow very quickly is it moved it in its scope.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“Lots of people would say it’s not that attractive. But it was best in the sense that it delivered the most conversions.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“Oh, I was going to say I think there is certainly pressure. If you talk to hoteliers, suppliers in the world, they’re not stoked about this marketplace.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“In part, I think you have to look at the context for Priceline to make this acquisition, why they’re able to do it.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“Totally. I think that's Airbnb’s real innovations category. It's just amazing about that business.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“I think that definitely characterized a lot of the deals that made Priceline successful – Active, Booking, Agoda.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“I guess the potential for the person who I was able to identify who looks like they’re at least making a run at it is Trivago. Today, Trivago is spending I think $800 million a year.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“I think of the things that has defined Priceline’s management strategy is the group has let the businesses do their thing.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“Expedia recognized I think one of the interesting things about OTAs, when you look at their economics, what drives their business, it’s really the hotel business that drives their profitability.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“I think Booking has been the illustration that better, as Booking defined it, is higher converting.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“In part I would say there was a moment where it was flooded with a lot of entrepreneurs.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“I think again it’s testament to Glenn’s judgment and acumen in finding the company and seeing the opportunity here.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“Expedia I think has a 40% stake in Trivago. The founder is still part of it. But yeah, it’s part of the Expedia portfolio.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“The thing that was hard about it and I think Instant Book has had a relatively mixed track record.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“I think one of the reasons for that, and again, we kind of touched on it briefly earlier, it’s the cultural issues.”
- Speaker
- Not verified from transcript
- Publisher
- Acquired
“If you haven’t seen this movie yet, it was both the funniest and the most well done and most touching movie I think I've seen in many, many years.”
- Publisher
- Acquired
“That really speaks to – we’ll get into this throughout the episode but the differentiation and the value that Booking was able to build while it was really hard in the beginning and we’ll get to they end up getting acquired by Priceline in 2005 for $133 million, I mean, nobody recognized the value here. But because they were able to build this proprietary longtail marketplace of supply, they really had something no one else could access.”
- Publisher
- Acquired
“There was AOL at the time, lots of common people in the US were online but in Europe, it was much more still of a kind of confined academia type thing and average Europeans didn’t have access to the internet in the same way. So ironic because Booking ends up becoming such a large company on the back of European customers but the initial customers were Americans.”
- Publisher
- Acquired
“It was a different time. And also a different time, venture capital and in particular venture capital in Europe was a very, very different kind of proposition and Geert had a tough time getting funding so what he decided to do, and again, he talks about this oral history and I just love this, he needed funding so he decided that he was going to email everyone who he knew who had an email address because he figured if they had an email address, they at least knew something about the internet.”
- Publisher
- Acquired
“I think a lot of people in the travel industry don’t realize that, like 500,000 hotels in the world, that's a lot.”
- Publisher
- Acquired
“I mean, we learned this lesson at Rover in that the product that you’re building when you’re at a marketplace company is essentially the matching of supply and demand and the consummation of that match and so your job is to maximize the rate of consummation of that match.”
- Publisher
- Acquired
“One thing that's actually another side note that I would just want to put a pin in to come back to, on the demand side, we mentioned search engines, as search engines start to rise in prominence as kind of the front door to the internet, travel and in particular OTAs become one of, if not I think the biggest category of spend in terms of search engine advertising because the link between searching Google or whatever search engine for a villa in Rome and an online travel agency is you’re so far down the funnel, it’s a perfect type of advertising for these companies.”
- Publisher
- Acquired
“I mean Instagram helped them inform the mobile strategy and like lots more young people interact more per day on Instagram, but in the way that I think that Apple would have been totally hosed without buying NeXT, I think that Priceline may have been totally hosed without buying Booking, and Booking has turned into a gigantic business.”
- Publisher
- Acquired