Skift Take
Discover what type of travel startups attract venture capital funding, see where the smart money is going, and understand some of the common mistakes that startups make as they seek funding and strive to build their new businesses.
Last month we came out with our report, "Venture Investment Trends in the Travel Industry: Lessons & Strategies for Travel Startups," which looks at what type of travel startups attract venture capital funding, where the smart money is going, and the common mistakes that startups make as they seek funding and strive to build their new businesses.
Below is an extract. Get the full report here to get ahead of this trend.
Joel Cutler is co-founder and managing director of General Catalyst Partners, and has been among the most active and successful VCs in travel over his career. Cutler’s investment selections in travel have included Kayak, ITA Software, Airbnb, Couchsurfing, Room77, Sabre, Trover and Viajanet, among many others.
Skift spoke with Cutler about the state of innovation in travel, and other investment and startup trends. An edited portion of the interview follows:
Skift: Someone told me the other day they think there is a lot of frustration among venture capit