Notes from segment with
@gosaveapp at 33:00 mark
- Building for the travel sector, worked at Merrill Lynch
- Angel investors a cofounder of Tinder, and a cofounder of acorns app
- Taking basic rewards and turning them into goodwill, organizations can pool their purchasing power, earn rewards and can be donated to help causes
- Points are backed by cash earned by referral commissions
- $200 per night, gets you 18k points, equating to $180 in cash, getting 18% commission on the referral
- Ted worked at Orbitz and a similar business with a $300 Million exit, relationships with Expedia/Priceline
- Adrian has started a company who has served millions of customers
- A new version of the site coming soon
- Millions on SMS/eMail lists for upper funnel
- Targeting $1.5 Million raise, $15 Million valuation with API's, have invested $400k into the business, 12-18 month runway
- Use of funds is to growth/marketing
- Key MOAT is the travel/inventory API that serves product up to the customer
- Next 30 days doing testing, going live in next 2-3 months