The Ledger
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Reck: German Visa Process Took Six Months for GetYourGuide CTO
“For him to get a visa to come to Germany after he had signed a job contract, and this guy makes a lot of money, took him six months.”
GetYourGuide Retained All Engineers and Product Managers Throughout the Pandemic
“So we only had to ultimately lay off throughout the entire two years roughly, 15 to 20% of the staff, not a single engineer, not a single product person.”
GetYourGuide revenues dropped to zero within three weeks during COVID-19
“It took three weeks from that board meeting to us being at zero revenues, literally zero.”
Former Booking.com CEO Kees Koolen invested $1M in GetYourGuide
“I'm going to come on board. Like I'm joining a board of directors and I'm going to personally invest a million bucks in the company.”
Reck: Spark Capital's fund returned multiple times via Oculus and Wayfair
“So TalkSpark Capital, our Series A lead, you know, the deal after Get Your Guide was Oculus Rift, right? You know, Palmer Lucchi. So, you know, we were basically off the hook a couple of months after they made the investment in us because the fund was already …”
Reck: GetYourGuide was first to sell Vatican tours online in 2010
“We got very lucky because we got a very good tour agency, which did tours to the Vatican very early on in the Vatican is like one of the major sites in all of Europe and no one had sold the Vatican online at that point in time.”
Reck: GetYourGuide Is Profitable and 5x Pre-Pandemic Size
“Fast forward today, we're now five times the size of pre-pandemic and we're profitable”
Reck: GetYourGuide 2022 volumes doubled 2019 pre-pandemic levels
“Literally like in 2022 were double 20 19 levels. And 20 21 was still half 2019 levels.”
GetYourGuide had ~$2M net revenue growing 2x-3x at Series A
“Business was doing somewhere around two million net revenue at that point, and growing, I think two X to three X over a year.”
GetYourGuide Raised $1 Million Seed Round at a $5M-$6M Valuation
“It was a million bucks... I think at like a five or six million pre-money.”
Reck: AI reduced GetYourGuide product onboarding from days to seconds
“On the supply side. The supply is completely transformed. It used to take, I think, days to upload a product because experiences are so complex. You know, you need to add a description and photos and like take a hundred boxes at the meeting point and, you know…”
GetYourGuide raised $14M Series A at $30M-$35M pre-money valuation
“Series A at the time was actually very big for European standards at the time so it was somewhere around fourteen million. As a total of Series A, like I think like 30, thirty five million pre-money.”