About: Yen Lee & Pat Jenkins
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Posts by: Yen Lee & Pat Jenkins
Travel trends: NorthStar’s Professional Travel Guide (“PTG”) will soon shut down; is this a sign of Armageddon for online travel start-ups?
Sep 01, 2009; 2 CommentsSometimes start-ups fail because they can’t raise enough capital, but it’s usually because they either don’t execute or because demand and competition materializes (or doesn’t) differently than expected. Sometimes it’s because of an investor-management... Read more »
U.S Air completes first test flight of a plane powered by biofuel
Jan 09, 2009; 1 CommentBio Fuel Flasks A US airline has completed the first test flight of a plane partly powered by bio-fuel derived from algae. The 90-minute flight by a Continental Boeing 737-800 went better than expected, a spokesperson said. One of its engines was powered... Read more »
Travel Industry Fundamentals Continue to Deteriorate Worldwide
Jan 07, 2009; No CommentThat’s the leading point from PiperJaffray’s most recent industry report. As eternal optimists (we are, after all, entrepreneurs who quit big fat corporate jobs to start UpTake), we searched through their report looking for the positive data... Read more »
Online Travel is Cratering! It is A Good Time to Aggregate Deals
Jan 02, 2009; 2 CommentsUpTake recently posted a bullish story on recent financings. The reality is we were a bit too bullish. The deals we discussed closed earlier this fall before the economy and travel continued its rapid decline. With that, here is the hard data that sadly... Read more »
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