“Hospitality and retail had to ensure they were Covid-19 secure when they reopened in the summer, and travel needs its own equivalent – we must have a robust testing system in place and quarantine periods reduced to give us any chance of surviving this crisis.” NewerWizz partners with CarTrawler for new rental options The results show the stark reality of how desperate the situation is for travel agents’ businesses and the bleak outlook for the broader travel industry. If blanket travel bans, quarantine measures and lack of testing continues, a further 27 per cent will run out of cash in the first half of next year, resulting in 88 per cent of agents running out of cash before June. This means – in a rather hypothetical situation that there will only be 12 per cent of travel agents still in business next summer.- Advertisement – – Advertisement – OlderChile leads winners at 2020 Latin America World Travel Awards Julia Lo Bue-Said, chief executive at the Advantage Travel Partnership said: “When will the government wake up and see that an industry is collapsing in front of them? “These results are deeply concerning, but sadly are indicative of many businesses throughout the travel industry. “We need an exit strategy from our government to outline how we are going to move forwards. – Advertisement – A new report from the Advantage Travel Partnership has found that 61 per cent of travel agents will run out of cash by the end of this year.The travel agent consortium released the findings as the UK enters a second lockdown, which effectively prohibits overseas and domestic travel. – Advertisement –
After a disappointing 2011-2012 season, two Women of Troy are moving onto bigger things. For the first time since the inaugural WNBA draft in 1997, two members of the USC women’s basketball team were selected in the WNBA draft Monday, becoming the ninth and 10th USC players taken in the draft. Guards Jacki Gemelos and Briana Gilbreath were both chosen in the third round of the draft with picks number 31 and 35, respectively.Drafted · Former USC guard Briana Gilbreath (above) was drafted by the Washington Mystics in Monday’s WNBA draft. Gilbreath was an all-conference performer in all four of her seasons on campus. – Chris Pham | Daily TrojanThe day marked the culmination of trials and tribulations for Gemelos, who battled injuries throughout her USC career. A former top-ranked recruit coming out of St. Mary’s High School in Stockton, Calif., she suffered four separate knee injuries that caused her to miss nearly four complete seasons. In her only fully healthy season, Gemelos averaged 12.4 points per game in 2010-2011, while leading the Pac-10 in 3-point shooting at 42.4 percent. Her performance that year earned her an All-Pac-10 honorable mention nod and a spot on Team USA for the 2011 World University Games, as well as a finalist spot for the V Foundation Comeback Award.Gemelos played in 57 games for USC, averaging 11.2 points, 4.9 rebounds and 2.5 assists per game. She ended her college career as the school’s leading free-throw shooter with at 83.3 percent. In being chosen by the Minnesota Lynx, she joins a very talented squad — one that won the WNBA championship last season.Briana Gilbreath has been a star for USC ever since she set foot in the Galen Center. A four-time all-conference performer, she regularly filled up the stat sheet, ending her Trojan career ranked in the top 10 in five statistical categories: No. 4 in blocks (168), No. 6 in steals (241), No. 6 in made free throws (388), No. 8 in rebounds (813) and No. 9 in points (1,608). She also is tied for the all-time lead in games played in school history, along with fellow teammate guard Ashley Corral and Cheryl Miller.Gilbreath was selected to the Pac-12 All-Defensive Team as well as the AP All-America team this past season. She also finished her career ranked No. 8 all-time in the Pac-12 for blocks and No. 31 and No. 36 for scoring and rebounds, respectively.Gilbreath was picked by the Washington Mystics, a team that struggled last season to a 6-28 record, good for last place in the Eastern Conference.A native of Houston, Texas, Gilbreath projects to be a defensive stopper at the professional level, capable of guarding multiple positions with her athleticism and instincts.
What’s OpenView’s experience in our sector?I get this question a lot. And my more-than-occasional answer may surprise you: We have none.In this post, I’m hoping to portray why — if a business is a good fit for OpenView — this doesn’t matter.As you may already know, OpenView invests exclusively in B2B software businesses. Beyond that broad theme, our portfolio features businesses across a variety of verticals and functionalities. In fact, there are only four things that our portfolio companies all had in common at the point of investment:B2B SoftwareLarge market opportunityDifferentiated solutionExpansion-stage financial profile While each member of our investment team has favorite sectors and we all place emphasis on market-size, OpenView ultimately prioritizes stage over sector when it comes to investment criteria.Why Sector Expertise Matters for Early-Stage StartupsI have found that many founders are sensitive to working with VCs who have direct sector experience, and I can certainly understand why — it makes a lot of sense that a startup with no real customers would look towards a well-connected adviser to introduce them to potential clients and partners in their market. Gaining initial customers without references is very difficult, and as such this type of well-connected VC lends credibility that allows many businesses to establish beta partnerships and build out the proof points that will allow them to sell more broadly. In short, I feel that sector expertise is important for early-stage businesses when it comes to selecting a VC.Why Sector Expertise Isn’t as Important as Stage ExpertiseHowever, given OpenView’s desire to work with expansion-stage businesses that are already doing 2-20M in revenue, initial introductions will never be within our scope. Rather than using our sector experience to help our portfolio, OpenView has set up OpenView Labs, a team of consultants who are experts in helping expansion-stage B2B software companies across four major pain points: recruiting, sales, marketing, and strategy.To put it simply, the folks at OpenView will never know more about a portfolio company’s sector than the founders and leaders at that company. However, our stage expertise will help portfolio companies that have developed a great product that is being used by a few real customers scale their businesses better and faster regardless of the type of software, specific buyer, or industry/sector focus. As such, our expertise lies in stage, not sector.In my opinion, it is more valuable for an expansion-stage business to have assistance in developing infrastructure to acquire many customers through scalable strategies than assistance in acquiring a handful of customers through VC connections.Do you agree?AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThis