Camus: Competitor Gogobot struggled despite raising $60M, souring VCs on travel
Ariel Camus · EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus · Oct 22, 2016 · at 3:25
Ariel Camus, founder of TouristEye, discusses why TouristEye struggled to raise Series A venture capital before its acquisition by Lonely Planet.
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“And one of them had raised close to sixty million dollars. Which one? Gogobot. Yep. They put ads and a lot of people in a really tough place because even with that amount of money they had raised they were not doing great as a business.”
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Camus: Lonely Planet reached out right as TouristEye sought buyers
“So that's why we decided to like kind of explore, ah, ways of joining a bigger company.
And it was, ah, just by coincidence that Lonely Planet talked to us the week that I was exploring and talking about that opportunity with other companies.”