Huffman: Hipmunk would have succeeded without raising venture capital
“If we had just built that product, we'd built a product in the summer. We had just built that product and run it as a small company. And then maybe sold that or licensed that, that would have been a good business. Instead, you know, raised a bunch of money, ra…”
Slowe: Travel platforms monetize hotels much more easily than flights
“It turns out that hotels are much easier to monetize than flights. Flights, you're making maybe a few dollars a ticket, whereas hotels usually get a percentage.”
Hipmunk Struggled for Years Due to Over-Relying on Founder Intuition
“And that was largely the story of Hitmonk. It took us years to realize that our intuition wasn't correct.”
Huffman: Knew zero percent of Reddit's staff while running Hipmunk
“There was a time when I was at Hitmonk where I knew zero percent of the people who worked at Reddit.”
Huffman: All travel search sites access the same flight data
“All the travel sites have access to the same data, effectively, including us.”
Huffman: Hipmunk differentiates by filtering out up to 90% of flight results
“One of the ways we can do that is we remove about 70% of listings right off the bat. If you tell us a little bit more about what you want to do, we can remove like 90% of listings.”
Huffman: Taking outside capital motivates founders by making it harder to quit
“Taking money from other people is, is a great motivator. Especially for me, it would have been tough, or I should say, it would have been easy for me to walk away from Hipmunk at any point. And I'd be like, Adam, you know, hey, this isn't working out. Let's ta…”