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Because Travel Is Personal
Gadi Bashvitz
November 2013

www.OLSE

YOU ARE OLSET

gadi@OLS
Hudson Crossing
Research Feb 2013

OLSET – Proprietary & Confidential
The Opportunity
For Travelers & Online Travel Agents
78% of travelers who come to the site with an
intent to book do not complete a booking
Google Research Jan
2013

In 2012 25% of travel booking searches were
on mobile devices

OLSET – Proprietary & Confidential
Reviews Are The #1 Driver
For Bookings

Price
173
(45.2%)

Reviews
312
(80.6%)

August 27, 2013 - Kelly A McGuire, PhD, Breffni M. Noone, PhD.
The Current Mobile Experience
is Painful
Proactive Booking Via Virtual Assistant (Any.Do)
OLSET Categorizes Millions of
Traveler Sentiments

OLSET – Proprietary & Confidential
OLSET Tech Talk
Traveler

Inventory

Travel
History

Attributes
& Price

Boundary
Conditions

Travel
Sentiment

Attribute
Sentiment

Sensitivity

Amazon EC2

Mongo

Match

Mahout

Patented Process, technology & algorithm Patent
Go To Market
Online
Travel
Agents

Virtual
Assistant
Apps

We make an average of $11 for every
night booked
OLSET – Proprietary & Confidential
OLSET In The News
Recent Large Exits in
Travel
Company
Acquisition $$
Acquirer
$2.1Bn

Priceline

$700Mn

Google

$3Bn

IPO

$121Mn

Concur

$115Mn

Microsoft

Average acquisition multiplier = X8 revenue
OLSET – Proprietary & Confidential
YOU ARE
OLSET
Gad Bashvitz
Co-Founder & CEO
E: gadi@olset.com
P: 631.897.9827

570 Beale St. San Francisco, CA
www.OLSE

gadi@OLS

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OLSET presentation at mef nov 2013

Hinweis der Redaktion

  1. What is OlSet?Why should you care?- Real problem- Huge market - Clear revenue modelWhy are we the right team to do this?Now that we agree on all the points above let’s look at the Application in more detailThere are other ways to make moneyBut before we make money we need to get travelers on board so let’s talk about traveler acquisition
  2. Total nights booked in 2017 is still less than 8% of current Priceline nights booked per yearAssumed growth rate is 50% of AirBNB growth rate