Europe is finally warming up to the American-style, risk big and risk early venture investment culture that has given birth to so many tech megabrands out of Silicon Valley.
TCV's investment will help SiteMinder scale on a global level as well as signifies diversified venture firms' growing interest in the hospitality sector.
If anyone could predict what's in the pipeline for the hospitality industry, it'd be Lee Pillsbury. But the pace of innovation today means that his venture fund is also in search mode to find what the next Hilton or Expedia will be.