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Web 3.0 & Group Travel: Groople CEO Mike Stacy (Part 4)

Posted on Wednesday, Jul 4th

SM: How did you finance the different phases of the company? MS: The early stages of the company were funded by an Angel and subsequent capital has been raised through VC’s. The first 2 rounds (Angel and Series A) were raised by the Founder, a total of $8.2 Million. I raised 2 rounds. One within

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Web 3.0 & Group Travel: Groople CEO Mike Stacy (Part 3)

Posted on Tuesday, Jul 3rd

SM: How big is the market? How do you calculate TAM? MS: In 2007 the groups and meetings market is forecasted to be $170 B. The travel portion, $92B. (Source: Phocus Wright) SM: What are your top target segments? MS: Small to Medium size companies (we also get business from Fortune 500 companies), Sports Teams,

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Web 3.0 & Group Travel: Groople CEO Mike Stacy (Part 2)

Posted on Monday, Jul 2nd

SM: Where did you get the idea for Groople? Are you an avid traveler? Why group travel? MS: I did not come up with the idea of group travel. That distinction would go to our founder who is now off creating another start up combining culinary experiences and travel. What attracted me to this opportunity

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Web 3.0 & Group Travel: Groople CEO Mike Stacy (Part 1)

Posted on Sunday, Jul 1st

We have talked a lot about Web 3.0 and Context. Today, we begin an interview series with Mike Stacy, CEO of an Online Travel company called Groople, which has zeroed in on the context of Group Travel. It’s a very interesting niche, and we will explore Mike’s story of building Groople. SM: Please describe your

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