Social Travel Overload
Recently Pete Cashmore/Mashable wrote on TripTie and the social travel space. Here is an excerpt:
"TripTie, which launched officially last week, is a new social travel site that lets you share itineraries and remix trip plans. The New York-based company was founded by interaction designer Andrew M. Lin, who claims he started the project after arranging a trip to Japan last November and realizing that he didn’t know what to see or do: his cousin sent along her itinerary from a recent visit, and Lin realized the idea could be extended."
In my opinion, there are too many players in this space already. Doesn't help that a new one crops up every day. And, you need to generate serious scale for the business model to work or be an interesting acquisition. I believe it will be hard for new entrants, without much differentiation, to succeed.
That being said, SideStep announced today their acqusition of TravelPost. The terms were not disclosed, but one can imagine it may have been a nice exit for the founders if the seed round of $1M was all they invested.
By the way, anyone remember wherenext.com, the 1.0 version of the trip journal building and sharing idea (tried to find the site, but it's no longer up)?
Update
More on the SideStep acqusition of TravelPost from ValleyWag.
"TripTie, which launched officially last week, is a new social travel site that lets you share itineraries and remix trip plans. The New York-based company was founded by interaction designer Andrew M. Lin, who claims he started the project after arranging a trip to Japan last November and realizing that he didn’t know what to see or do: his cousin sent along her itinerary from a recent visit, and Lin realized the idea could be extended."
In my opinion, there are too many players in this space already. Doesn't help that a new one crops up every day. And, you need to generate serious scale for the business model to work or be an interesting acquisition. I believe it will be hard for new entrants, without much differentiation, to succeed.
That being said, SideStep announced today their acqusition of TravelPost. The terms were not disclosed, but one can imagine it may have been a nice exit for the founders if the seed round of $1M was all they invested.
By the way, anyone remember wherenext.com, the 1.0 version of the trip journal building and sharing idea (tried to find the site, but it's no longer up)?
Update
More on the SideStep acqusition of TravelPost from ValleyWag.
posted by Mike Fridgen at 9:01 AM
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