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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

How They Do It: Aggregate data from travel data warehouses like ITA as well as indexing travel providers websites, provide this information to consumers in a highly customizable search engine. 2010 Operating Income: $16 million. Pre-money valuation was initially set higher but was adjusted to match the Ser B valuation.

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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

This is the psychology that drives VCs to load up a company with more capital, rationalizing that $5m at a $20m pre-money valuation is little different than $10m at a $40m pre-money valuation. By spending more money, investors can justify managing more money, which in turn increases their fees.