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hotelplanner.com
Best of Bootstrapping: Bootstrapped Hotelplanner.com to $20M with Intelligent Financial Engineering
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. Tim Hentschel, CEO of Hotelplanner.com, built an excellent company with quite unorthodox financial engineering decisions that have played out very well for him. Read on to learn about some out-of-the-box thinking. Sramana Mitra: Where are you from? Where were your
Best of Bootstrapping: Bootstrapping Hotelplanner.com to $20M with Intelligent Financial Engineering
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. Tim Hentschel, CEO of Hotelplanner.com, built an excellent company with quite unorthodox financial engineering decisions that have played out very well for him. Read on to learn some out-of-the-box thinking. Sramana Mitra: Where are you from? Where were your born,
Bootstrapping to $20 Million with Intelligent Financial Engineering: Tim Hentschel, CEO of Hotelplanner.com (Part 7)
Sramana Mitra: Given that the market is $45 billion, there’s obviously a huge amount of head room to build a larger business here. Could you have grown a lot faster? Are there levers that you could push? I’m not saying that you should grow faster. I’m asking out of intellectual curiosity. Tim Hentschel: There definitely
Bootstrapping to $20 Million with Intelligent Financial Engineering: Tim Hentschel, CEO of Hotelplanner.com (Part 6)
Sramana Mitra: What do you want to do? Is this something that you are going to accelerate by taking outside capital or do you want to remain an employee-owned organization? Tim Hentschel: Debt is so cheap. It’s 3% to 4%. People get excited about the private equity money out there. I agree that it has
Bootstrapping to $20 Million with Intelligent Financial Engineering: Tim Hentschel, CEO of Hotelplanner.com (Part 5)
Sramana Mitra: All the business model is entirely predicated upon the hotels paying your fees and not the consumers. What are the key segments where you do business? Are we talking weddings? What are the top segments in which your business flows? Tim Hentschel: Sports teams is big for us. It’s great to have a
Bootstrapping to $20 Million with Intelligent Financial Engineering: Tim Hentschel, CEO of Hotelplanner.com (Part 4)
Sramana Mitra: Between 2005 and 2015, there’s a ten-year journey. Can you highlight for us some of the major strategic moves that really helped your business propel forward? Tim Hentschel: The years between 2005 and 2008 were very interesting because we had two competitors. One was Group Travel Planet and the other was Groupe. Groupe had the Travelocity
Bootstrapping to $20 Million with Intelligent Financial Engineering: Tim Hentschel, CEO of Hotelplanner.com (Part 3)
Sramana Mitra: What did you do with that? What was the next milestone after you got that money? Tim Hentschel: We just used it for growth. We eventually bought our own office space in San Diego and started hiring some people. Sramana Mitra: Why would you buy office space? Tim Hentschel: There was a real estate
Bootstrapping to $20 Million with Intelligent Financial Engineering: Tim Hentschel, CEO of Hotelplanner.com (Part 2)
Sramana Mitra: Before we go to the post two-year bootstrapping phase, what did you achieve? You launched a website. You started getting customers. How did you get customers? How did the customers find you? Tim Hentschel: It wasn’t that hard in those days. The Internet was new. Blogs were just beginning to become popular. I
