Boom or Bust? 11 Big Bets on the Future of Boston Tech
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HQ: Norwalk, CT (technology center in Concord, MA)
CEO: Steve Hafner
Amount raised: $223M
Investors: General Catalyst, Sequoia Capital, Accel Partners, Oak Investment Partners.
What it represents: The future of online travel tech.
Why it wins: Name-brand recognition and ease of use; travel is a booming sector (watch for the IPO…soon?).
Why it loses: Too much competition in travel search (especially with Google); costly to acquire customers.
|Photo courtesy of Kayak|