Vertical Travel Search Engine Kayak CEO Steve Hafner (Part 2)

SM: What gave you the idea for Kayak? SH: Orbitz was a great company, but it never fulfilled on its original mission which was to help consumers find great airline and hotel deals. The reason it did not fulfill it’s original mission is because we could not convince every airline, hotel, and rental car company

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Vertical Travel Search Engine Kayak CEO Steve Hafner (Part 1)

I have written endlessly about the verticalization of the web, and the rise of vertical search engines, vertical ad networks, and the threat they pose to Google. I have also featured Kayak in the Deal Radar series earlier, and here, I speak with their CEO for a comprehensive discussion on Kayak’s strategy.

Travel Ad Network Raises Series A

Travel Ad Network (TAN), the largest vertical ad network in travel, just closed a $15 million Series A round of financing led by Rho Ventures, Village Ventures and individual investors. And what a Series A it is! $50-$75 Million valuation, estimated in my deal radar post and commensurate with the trends in the industry set

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Vertical Ad Networks: Evolution

Another big funding round in the vertical ad network world: FM raises between $40 and $50M from Oak Investment Partners. Valuation: $200 Million; 2007 Revenue: $25 Million; 2008 Revenue Forecast: $60 Million. Not bad!

Deal Radar 2008: Adify’s Market Taking Time to Develop

Adify is a vertical advertising platform co-founded by Russ Fradin with former Flycast co-founders, Larry Braitman and Richard Thompson. I interviewed Adify’s CEO, Russ Fradin in 2007.

Deal Radar 2008: Travel Ad Network Executing Flawlessly

Travel Ad Network (TAN) is the leading vertical ad network focused exclusively on travel. It reaches users across 50 websites including Lonely Planet, Kayak, RandMcNally, Skybus Airlines, Groople, TravelHero, BootsNAll, AreaGuides, HotelsByCity, EuropeForVisitors, AirGorilla, and many others. Top advertisers with TAN include American Express, Vacations to Go, Best Western, Netherlands Tourism, Tourism Australia, etc.

This Week’s Highlights

In case you have missed them, here are the must-read pieces from this week: * Is Google Scared? * Facebook Woes Coming? * Qualcomm and Nokia Both Show Headroom * The Microsoft-Yahoo! Battle Plan (Forbes) * Vertical Travel Ad Network CEO Cree Lawson (Interview) * Microsoft, Masterful Maneuverings * Cadence Crashes. Now What? * Interdigital:

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Vertical Travel Ad Network CEO Cree Lawson (Part 10)

SM: What are your thoughts about exit? CL: I don’t think Elvis will leave the building for a long time yet. We’ve certainly had offers that would have made me a very wealthy man, or at least a guy with a very loud car stereo.