Investor Perspective: Why is VC in Travel so Tough?
When it comes to sexy startup ideas, the travel sector usually ranks at the head of the class. Nearly everyone travels, and thus can relate to the pain points that stem from the challenges inherent in an industry driven by legacy tech platforms, fragmented data, and unsophisticated business models. It’s an industry desperate for disruption. Even so, travel startups tend to get the side-eye from most VCs — despite spawning two of the most disruptive startups in the past decade in Uber and AirBnB....
