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Dan Ruch

Partner, Rho · 1 appearance on the record.

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founderinvestorexecutiveLinkedIn ↗rho.com ↗

He is the founder and former CEO of Rocketrip, a corporate travel management platform that raised $32 million before being acquired by Mondee Holdings in 2020. Currently a partner at Rho, he focuses on early-stage investments across enterprise software, healthcare technology, and commerce.

12statements → 4claims → 2claims resolved → 3.75/5average certainty → 1.25/5average debate potential → 2said about them ↓

0 supported 1 partly supported 1 contradicted 2 not checkable as stated how the 4 claims stand · each chip opens the sources

1 prediction · 3 assertions · 2 insights · 6 disclosures · every statement was checked. The prediction and assertions are the 4 claims: statements the public record can support or contradict. 2 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Dan argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable contradicted claim

Assertion Contradicted
Google spent nearly $1B annually on corporate travel in 2008
“So at Google back in 2008, they came up with the concept of, you know, Hey, we're spending close to a billion dollars in travel every year back then.”
Dan Ruch Mar 17, 2018 ▶ 8:55 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
50% certainty 3
0% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Dan Ruch on measured tape to publish a rate. This says nothing about how they speak.

Everything Dan Ruch said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Employees biologically optimize for comfort within corporate policy limits, says Dan Ruch
“Companies employ human beings and human beings by definition, biologically, we're lazy and selfish. And this isn't a good or a bad thing. This is self-preservation. We always optimize for comfort and convenience within the limits of policy and because that's h…”
Dan Ruch Mar 17, 2018 ▶ 1:32 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Prediction Not checkable as stated
RocketTrip will process $1B in corporate travel expenses within 24 months
“I don't know if it's 12 months or 24 months, but we'll break it for sure.”
Dan Ruch Mar 17, 2018 ▶ 18:13 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Disclosure
RocketTrip manages tens of millions of dollars in monthly travel spend
“It's tens of millions of dollars a month.”
Dan Ruch Mar 17, 2018 ▶ 8:26 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Disclosure
RocketTrip's managed travel spend is growing roughly 20% month-over-month
“About 20% month over month.”
Dan Ruch Mar 17, 2018 ▶ 8:39 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Disclosure
RocketTrip offers employees incentives to choose cheaper corporate travel options
“What we do is in a very lean forward pro proactive non draconian way, We start offering employees a reasonable incentive to choose something different than what they would have done otherwise. This isn't about motivating employees to do what they should do. Wh…”
Dan Ruch Mar 17, 2018 ▶ 2:52 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Insight
Corporate travel spend averages $1M per 500 employees, says Dan Ruch
“Generally speaking, though, as a rule of thumb, there's about a million dollars worth of travel for every 500 employees, but that can move around quite a bit.”
Dan Ruch Mar 17, 2018 ▶ 5:00 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Disclosure
RocketTrip charges a 2% management fee on all corporate travel spend
“Every customer pays us two percent of travel spend on a management.”
Dan Ruch Mar 17, 2018 ▶ 5:18 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Assertion Contradicted
Google spent nearly $1B annually on corporate travel in 2008
“So at Google back in 2008, they came up with the concept of, you know, Hey, we're spending close to a billion dollars in travel every year back then.”
Dan Ruch Mar 17, 2018 ▶ 8:55 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Disclosure
The creator of Google's internal travel program currently advises RocketTrip
“The guy who built the program at Google is now an advisor to the company. So so we built it in part with him.”
Dan Ruch Mar 17, 2018 ▶ 9:52 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Disclosure
RocketTrip currently serves roughly 70 to 80 enterprise customers
“About 70, 80 enterprise customers.”
Dan Ruch Mar 17, 2018 ▶ 17:07 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Assertion Partly supported
Fortune 500 companies account for 40% of global corporate travel spend
“Well, globally, globally on travel, it's a one and a quarter trillion dollar market. The Fortune 500 is probably, call it 30 to 40% of that.”
Dan Ruch Mar 17, 2018 ▶ 18:24 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO
Assertion Not checkable as stated
Software percentage fees generate over 50% of RocketTrip's total revenue
“Percentage model makes up somewhere between, you know, it's over 50% of our revenue.”
Dan Ruch Mar 17, 2018 ▶ 20:56 966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip CEO

The other half of the tape: Dan Ruch's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Michael Gilroy 2

Every mention by year

tap a year for its mentions
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0112016episodes it came up in
0010.5212016episodesmentions per episode
2016 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
966 "We'll Process $1b in Corporate Travel Expenses Over Next 24 Months" Says RocketTrip C Mar 17, 2018 13m
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