TripActions

“They now manage over a billion dollars in corporate travel. They're growing 15 to 20% month over month.”

“Employees in trip actions all the time knew how much money do we have? How much we burn? On what do we burn the money?”

“We had a year and a half ago, we had a major crisis where we had a certain fight with one of the airlines in the US. And until we solved that issue, and now we actually became really good friends with this airline, but until we solved it, we were actually oper…”

“This company today sadly had to lay off 350 people in March”

“We are one of the first, I would say, unicorns to do layoffs, just because usually I think in TripActions we are executing really well.”

“To date, Ariel has raised over nine hundred and eighty million dollars for TripActions from some of the best in the business, including Lightspeed, Auron's Eve, and Andreessen Horowitz, to name a few.”

“I've approached it as it's probably a twelve-month crisis, which then you have additional 12 months of implications. So I kind of saw it through a length of 24 months. That was my approach to this crisis.”

“Obviously, the usage has dropped down by 90%.”

“We've done layoffs, but we are still hiring in some departments. We are hiring in the enterprise sales team. We are hiring very selectively in the product R&D team and so on.”

“I have strong belief that people, once it is done, will get back to travel, to business travel, even in a stronger way.”

“We closed a certain debt facility to finance our payments product just before COVID in February, actually, and so on, but I'm constantly looking at what we have.”

“Some corporate travel company like TripActions, I don't know anything in detail about them, but I'm assuming there are businesses way down, but in a year or two, a lot of it will come back. Enterprises will start to travel again.”

“We've invested multiple times in many of our companies. So Coinbase, we invested three times. Roblox, twice. Databricks, three times. Stripe, four times. TripActions, four times.”