6 ms·

Kayak Files for $50 million IPO

83 points by ojbyrne 16y ago

deleted 16y ago
[deleted]
- JacobAldridge 16y ago
  Aren't we all - that's one freaky little rodent.
  - kn0thing 16y ago
    Hipmunk <3 you
- smackfu 16y ago
  From the article, it sounds like Kayak already uses ITA. Everyone in this space is scared of Google though, if they manage to buy ITA.
  - harscoat 16y ago
    My reasoning: nothing to do against Google (come on 50M?) but against new innovative entrants like Hipmunk, 50M well spent can make a difference. my 2cts
    - josh-a 16y ago
      Other news articles have said that the 50M number is just a placeholder, but speculate a company value between 700M and 1B
      - candre717 16y ago
        Thanks for clearing that up. I thought that number was too low to be credible.
  - ccarpenterg 16y ago
    What investors of Kayak and Hipmunk must be thinking about Google buying ITA Software? I mean Google is going to become the provider of flights data and at the same time a competitor.
- ojbyrne 16y ago
  Pretty well everyone who offers online airline reservations uses ITA. So it's unlikely that Hipmunk is their motivation.
jedc 16y ago
Interesting. I've played around with Kayak's API, but has anyone used it for any projects? I'm curious what others think. As for the IPO... good luck to them!
louislouis 16y ago
Looks like a flop.
wyclif 16y ago
The article implies that Kayak may have had privileged information about the Justice Department's investigation of the Google-ITA deal, or else they would have held off on the IPO. Now there's a story I'd like to read.
dlokshin 16y ago
TC article keeps referring to revenue and net income as compared to a year ago which was a notoriously bad year for the travel industry. So these growth numbers don't really mean anything. Would be really interesting to see where Kayak stands in comparison to 2007 & 08.
- keenans 16y ago
  Kayak's S1 filing has a lot of interesting nuggets of information. The data you're after is on page 29: 2007 Revenues / Net Income: $48M / ($4.36M) 2008 Revenues / Net Income: $112M / $5.1M Keep in mind they acquired SideStep at the end of 07. http://www.sec.gov/Archives/edgar/data/1312928/000119312510262521/ds1.htm http://www.sec.gov/Archives/edgar/data/1312928/0001193125102...
krschultz 16y ago
I didn't realize that the Kayak founders have a member from basically every other major competitor. I would love to hear that story.
- ojbyrne 16y ago
  I think if you look at any large website in the travel space, that holds true, it seems to be an especially incestuous industry. When I worked at Tripadvisor (owned by Expedia) we had significant numbers of people in our group from Travelocity.
  - docgnome 16y ago
    Odd. I wonder why that is. I suppose it has to do with gaining the knowledge to work in the space. Once you do, it's probably easier to find a job with other companies in the same space.
smackfu 16y ago
Interesting how much money they get from other travel booking agencies. These are basically referrals of referrals.
thushan 16y ago
Does anyone know of any other solutions for this kind of data other than ITA? Are there any open/cheap APIs for getting at scheduling/price data? I hear Hipmunk is using Orbitz currently to power their results (or so someone said on that recent TechCrunch article in the comments). Does Orbitz have some API? Would be a fun data set to play with if one is openly available, though I love what Hipmunk is already doing.
- mrduncan 16y ago
  Kayak has an api (limited to 1000 searches / day): http://www.kayak.com/labs/api/search/ http://www.kayak.com/labs/api/search/ I believe that Orbitz will require you talk to someone in order to get access to their api.
  - thushan 16y ago
    Thanks for that info. That's a great start for what I'm looking for.
- tomhoward 16y ago
  The lack of open/cheap APIs is probably the biggest factor that keeps innovation in travel so slow. My company, Adioso (YC W09) has a free API in beta. It's what's used to power http://destmapper.com/ http://destmapper.com/. Coverage is limited but soon to start expanding rapidly. Email me - tom at adioso dotcom - if you're interested.
- ThomPete 16y ago
  You should check out Everbread http://eu.techcrunch.com/2010/03/23/stealth-travel-search-engine-everbread-de-cloaks-to-tackle-core-airline-problem/ http://eu.techcrunch.com/2010/03/23/stealth-travel-search-en... A really really impressive piece of technology.
- gms 16y ago
  While Orbitz might offer an API, I believe that underneath the hood they also use ITA. ITA currently have no competitors in this space.
huadie 16y ago
=========== :) http://www.newgoin.com http://www.newgoin.com ============= We specialized in the exportation of sport shoes and other products(clothing, bag,sunglasses,watches,belts,etc )which have great enjoyed popularty in the world market Many of our goods are on sales ,we can guarantee the crediblity by Pay-pal and delivery time .we would like to make a long termship. 1)Name : The perfect gift. 2)Grade : AAA+ 3)Package : in original boxes 4)Color : various 5)MOQ : 1 pc 6)Payment : Pay-pal/Western Union / Credit card/Moneygram 7)Ship-ping : 4-7 days with guarantee of customs clearance, drop shipp-ing is accepted to customers' demands 8)Who-lesale: very low price, you can make a small order first to test quality and service. http://www.newgoin.com http://www.newgoin.com Online Contact . thank you.
- DeusExMachina 16y ago
  This is the first time that I see spam make it to the comments of an articles. Is there a way, other than flagging the comment, to report the account as well?
  - prodigal_erik 16y ago
    Not for us non-admins. There may be some undisclosed code which reacts to consistent comment flagging, though.
huadie 16y ago
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aberkowitz 16y ago
Luckily for them, flight search is such a small [1] industry. [1] orbitz, chapoair, hipmunk, expedia, travelocity, farecompare, cheaptickets, hotwire, priceline, kinkaa, zoombu, cheapflights, etc
- jfarmer 16y ago
  Funny enough, these sites (including Kayak) are pushing users away from flight booking and towards hotel booking because the margins are much larger. kayak.com defaults to hotel search now, for example.
  - khuyi 16y ago
    While the major guys move towards hotel booking, startups are tackling a lot of different problems in travel. This feels like perfect time for kayak to be raising money to compete. More here http://khuyi.tumblr.com/post/1592395981/online-travel-ripe-for-disruption-quick-thoughts http://khuyi.tumblr.com/post/1592395981/online-travel-ripe-f...
  - jojopotato 16y ago
    Careful, they default to whatever search you ran last :)
    - jfarmer 16y ago
      Well, then the default default is hotels.
rorrr 16y ago
I'm surprised it's valued that low. We constantly hear about all kinds of shitty sites getting millions in funding.
- theoneill 16y ago
  50m is not the valuation; it's the amount of stock they're selling.
  - rorrr 16y ago
    How is that different from the valuation?
    - stonemetal 16y ago
      If they have 100 shares of stock and are selling 2 at the IPO for 50M then the valuation is much higher than 50M. Just because it is the IPO doesn't mean 100% of the stock is for sell. If they are putting out 20% of their stock then their valuation is 250M.
      - rorrr 16y ago
        Thanks! I always thought IPO means 100% of the common stock is sold.
      - aarlo 16y ago
        so what is kayak's actual valuation?
abalashov 16y ago
Revenue? What's the profit?
- borism 16y ago
  "Net Income was actually down for the first three quarters to $6.2 million from $10.4 million in 2009."
huadie 16y ago
= hello everyone,im wholesale supplier online Welcome to our website ===== http://www.onseeking.com/ http://www.onseeking.com/ ======= accept paypal and free shipping We need your support and trust!!! Dear friends, please temporarily stop your footsteps To our website Walk around A look at Maybe you'll find happiness in your sight shopping heaven and earth You'll find our price is more suitable for you. And we shall be offer you free gift about MP4 if you more order.
huadie 16y ago
Your satisfaction is our eternal pursuit. ( http://www.onseeking.com http://www.onseeking.com ) We specialized in the exportation of sport shoes and other products(clothing, bag,sunglasses,watches,belts,etc )which have great enjoyed popularty in the world market Many of our goods are on sales ,we can guarantee the crediblity by Pay-pal and delivery time .we would like to make a long termship. 1)Name : The perfect gift. 2)Grade : AAA+ 3)Package : in original boxes 4)Color : various 5)MOQ : 1 pc 6)Payment : Pay-pal/Western Union / Credit card/Moneygram 7)Ship-ping : 4-7 days with guarantee of customs clearance, drop shipp-ing is accepted to customers'demands. 8)Who-lesale: very low price, you can make a small order first to test quality and service. ( http://onseeking.com http://onseeking.com ) Online Contact . thank you.
huadie 16y ago
Welcome to our website ===== http://www.onseeking.com/ http://www.onseeking.com/ ======= accept paypal and free shipping We need your support and trust!!! Dear friends, please temporarily stop your footsteps To our website Walk around A look at Maybe you'll find happiness in your sight shopping heaven and earth You'll find our price is more suitable for you. And we shall be offer you free gift about MP4 if you more order.
huadie 16y ago
Your satisfaction is our eternal pursuit. ( http://www.newgoin.com http://www.newgoin.com ) We specialized in the exportation of sport shoes and other products(clothing, bag,sunglasses,watches,belts,etc )which have great enjoyed popularty in the world market Many of our goods are on sales ,we can guarantee the crediblity by Pay-pal and delivery time .we would like to make a long termship. 1)Name : The perfect gift. 2)Grade : AAA+ 3)Package : in original boxes 4)Color : various 5)MOQ : 1 pc 6)Payment : Pay-pal/Western Union / Credit card/Moneygram 7)Ship-ping : 4-7 days with guarantee of customs clearance, drop shipp-ing is accepted to customers'demands. 8)Who-lesale: very low price, you can make a small order first to test quality and service. ( http://newgoin.com http://newgoin.com ) Online Contact . thank you.

83 points by ojbyrne 16y ago

deleted 16y ago

[deleted]

JacobAldridge 16y ago
Aren't we all - that's one freaky little rodent.
- kn0thing 16y ago
  Hipmunk <3 you
smackfu 16y ago
From the article, it sounds like Kayak already uses ITA. Everyone in this space is scared of Google though, if they manage to buy ITA.
- harscoat 16y ago
  My reasoning: nothing to do against Google (come on 50M?) but against new innovative entrants like Hipmunk, 50M well spent can make a difference. my 2cts
  - josh-a 16y ago
    Other news articles have said that the 50M number is just a placeholder, but speculate a company value between 700M and 1B
    - candre717 16y ago
      Thanks for clearing that up. I thought that number was too low to be credible.
- ccarpenterg 16y ago
  What investors of Kayak and Hipmunk must be thinking about Google buying ITA Software? I mean Google is going to become the provider of flights data and at the same time a competitor.
ojbyrne 16y ago
Pretty well everyone who offers online airline reservations uses ITA. So it's unlikely that Hipmunk is their motivation.

jedc 16y ago

Interesting. I've played around with Kayak's API, but has anyone used it for any projects? I'm curious what others think. As for the IPO... good luck to them!

louislouis 16y ago

Looks like a flop.

wyclif 16y ago

The article implies that Kayak may have had privileged information about the Justice Department's investigation of the Google-ITA deal, or else they would have held off on the IPO. Now there's a story I'd like to read.

dlokshin 16y ago

TC article keeps referring to revenue and net income as compared to a year ago which was a notoriously bad year for the travel industry. So these growth numbers don't really mean anything. Would be really interesting to see where Kayak stands in comparison to 2007 & 08.

keenans 16y ago
Kayak's S1 filing has a lot of interesting nuggets of information. The data you're after is on page 29: 2007 Revenues / Net Income: $48M / ($4.36M) 2008 Revenues / Net Income: $112M / $5.1M Keep in mind they acquired SideStep at the end of 07. http://www.sec.gov/Archives/edgar/data/1312928/000119312510262521/ds1.htm http://www.sec.gov/Archives/edgar/data/1312928/0001193125102...

krschultz 16y ago

I didn't realize that the Kayak founders have a member from basically every other major competitor. I would love to hear that story.

ojbyrne 16y ago
I think if you look at any large website in the travel space, that holds true, it seems to be an especially incestuous industry. When I worked at Tripadvisor (owned by Expedia) we had significant numbers of people in our group from Travelocity.
- docgnome 16y ago
  Odd. I wonder why that is. I suppose it has to do with gaining the knowledge to work in the space. Once you do, it's probably easier to find a job with other companies in the same space.

smackfu 16y ago

Interesting how much money they get from other travel booking agencies. These are basically referrals of referrals.

thushan 16y ago

Does anyone know of any other solutions for this kind of data other than ITA? Are there any open/cheap APIs for getting at scheduling/price data? I hear Hipmunk is using Orbitz currently to power their results (or so someone said on that recent TechCrunch article in the comments). Does Orbitz have some API? Would be a fun data set to play with if one is openly available, though I love what Hipmunk is already doing.

mrduncan 16y ago
Kayak has an api (limited to 1000 searches / day): http://www.kayak.com/labs/api/search/ http://www.kayak.com/labs/api/search/ I believe that Orbitz will require you talk to someone in order to get access to their api.
- thushan 16y ago
  Thanks for that info. That's a great start for what I'm looking for.
tomhoward 16y ago
The lack of open/cheap APIs is probably the biggest factor that keeps innovation in travel so slow. My company, Adioso (YC W09) has a free API in beta. It's what's used to power http://destmapper.com/ http://destmapper.com/. Coverage is limited but soon to start expanding rapidly. Email me - tom at adioso dotcom - if you're interested.
ThomPete 16y ago
You should check out Everbread http://eu.techcrunch.com/2010/03/23/stealth-travel-search-engine-everbread-de-cloaks-to-tackle-core-airline-problem/ http://eu.techcrunch.com/2010/03/23/stealth-travel-search-en... A really really impressive piece of technology.
gms 16y ago
While Orbitz might offer an API, I believe that underneath the hood they also use ITA. ITA currently have no competitors in this space.

huadie 16y ago

=========== :) http://www.newgoin.com http://www.newgoin.com ============= We specialized in the exportation of sport shoes and other products(clothing, bag,sunglasses,watches,belts,etc )which have great enjoyed popularty in the world market Many of our goods are on sales ,we can guarantee the crediblity by Pay-pal and delivery time .we would like to make a long termship. 1)Name : The perfect gift. 2)Grade : AAA+ 3)Package : in original boxes 4)Color : various 5)MOQ : 1 pc 6)Payment : Pay-pal/Western Union / Credit card/Moneygram 7)Ship-ping : 4-7 days with guarantee of customs clearance, drop shipp-ing is accepted to customers' demands 8)Who-lesale: very low price, you can make a small order first to test quality and service. http://www.newgoin.com http://www.newgoin.com Online Contact . thank you.

DeusExMachina 16y ago
This is the first time that I see spam make it to the comments of an articles. Is there a way, other than flagging the comment, to report the account as well?
- prodigal_erik 16y ago
  Not for us non-admins. There may be some undisclosed code which reacts to consistent comment flagging, though.

huadie 16y ago

╭⌒╮WELCOME http://www.onseeking.com/ http://www.onseeking.com/ ----- ~ ¤ ╭⌒╮ ╭⌒╮ ╭⌒╭⌒╮╭⌒╮～╭⌒╮ HANDBAG 35$ ,））））,''）~~ ,''~） ╱◥█◣ ╱◥█◣ SHOES 35$ ｜田｜田｜｜田｜田｜ CLOTH 15$ ╬╬╬╬╬╬╬╬╬╬╬╬╬╬ 2010 NEW Your fashion! Your season! Michael bag fashion tidalcurrent.the fashionable element "bag" you - glamour infinite. Mass commodity, low discount, the buy cheaper. { www. onseeking .com } mall price can buy eligible products and services. Select all kinds of women, men's shoes, etc, { onseeking .com } shopping navigation! In addition, the company has a good reputation, quality standard, At a reasonable price. In the past few years, have been deeply overseas My friends for their support. Therefore, please rest assured purchase. ====== Free transport====== !!!!!!!!!!!!!! (http://www.onseeking.com/ http://www.onseeking.com/) !!!!!!!!!!!! input this URL: (http://onseeking.com/ http://onseeking.com/) you can find many cheap and fashion stuff (jor dan s-h-o-e-s) (NBA NFL NHL MLB j-e-r-s-e-y) ( lv h-a-n-d-b-a-g) (cha nel w-a-l-l-e-t) (D&G s-u-n-g-l-a-s-s-e-s) (ed har dy j-a-c-k-e-t) (UG G b-o-o-t) WE ACCEPT PYAPAL PAYMENT YOU MUST NOT MISS IT!! ----------------------

aberkowitz 16y ago

Luckily for them, flight search is such a small [1] industry. [1] orbitz, chapoair, hipmunk, expedia, travelocity, farecompare, cheaptickets, hotwire, priceline, kinkaa, zoombu, cheapflights, etc

jfarmer 16y ago
Funny enough, these sites (including Kayak) are pushing users away from flight booking and towards hotel booking because the margins are much larger. kayak.com defaults to hotel search now, for example.
- khuyi 16y ago
  While the major guys move towards hotel booking, startups are tackling a lot of different problems in travel. This feels like perfect time for kayak to be raising money to compete. More here http://khuyi.tumblr.com/post/1592395981/online-travel-ripe-for-disruption-quick-thoughts http://khuyi.tumblr.com/post/1592395981/online-travel-ripe-f...
- jojopotato 16y ago
  Careful, they default to whatever search you ran last :)
  - jfarmer 16y ago
    Well, then the default default is hotels.

rorrr 16y ago

I'm surprised it's valued that low. We constantly hear about all kinds of shitty sites getting millions in funding.

theoneill 16y ago
50m is not the valuation; it's the amount of stock they're selling.
- rorrr 16y ago
  How is that different from the valuation?
  - stonemetal 16y ago
    If they have 100 shares of stock and are selling 2 at the IPO for 50M then the valuation is much higher than 50M. Just because it is the IPO doesn't mean 100% of the stock is for sell. If they are putting out 20% of their stock then their valuation is 250M.
    - rorrr 16y ago
      Thanks! I always thought IPO means 100% of the common stock is sold.
    - aarlo 16y ago
      so what is kayak's actual valuation?

abalashov 16y ago

Revenue? What's the profit?

borism 16y ago
"Net Income was actually down for the first three quarters to $6.2 million from $10.4 million in 2009."

huadie 16y ago

= hello everyone,im wholesale supplier online Welcome to our website ===== http://www.onseeking.com/ http://www.onseeking.com/ ======= accept paypal and free shipping We need your support and trust!!! Dear friends, please temporarily stop your footsteps To our website Walk around A look at Maybe you'll find happiness in your sight shopping heaven and earth You'll find our price is more suitable for you. And we shall be offer you free gift about MP4 if you more order.

huadie 16y ago

Your satisfaction is our eternal pursuit. ( http://www.onseeking.com http://www.onseeking.com ) We specialized in the exportation of sport shoes and other products(clothing, bag,sunglasses,watches,belts,etc )which have great enjoyed popularty in the world market Many of our goods are on sales ,we can guarantee the crediblity by Pay-pal and delivery time .we would like to make a long termship. 1)Name : The perfect gift. 2)Grade : AAA+ 3)Package : in original boxes 4)Color : various 5)MOQ : 1 pc 6)Payment : Pay-pal/Western Union / Credit card/Moneygram 7)Ship-ping : 4-7 days with guarantee of customs clearance, drop shipp-ing is accepted to customers'demands. 8)Who-lesale: very low price, you can make a small order first to test quality and service. ( http://onseeking.com http://onseeking.com ) Online Contact . thank you.

huadie 16y ago

Welcome to our website ===== http://www.onseeking.com/ http://www.onseeking.com/ ======= accept paypal and free shipping We need your support and trust!!! Dear friends, please temporarily stop your footsteps To our website Walk around A look at Maybe you'll find happiness in your sight shopping heaven and earth You'll find our price is more suitable for you. And we shall be offer you free gift about MP4 if you more order.

huadie 16y ago

Your satisfaction is our eternal pursuit. ( http://www.newgoin.com http://www.newgoin.com ) We specialized in the exportation of sport shoes and other products(clothing, bag,sunglasses,watches,belts,etc )which have great enjoyed popularty in the world market Many of our goods are on sales ,we can guarantee the crediblity by Pay-pal and delivery time .we would like to make a long termship. 1)Name : The perfect gift. 2)Grade : AAA+ 3)Package : in original boxes 4)Color : various 5)MOQ : 1 pc 6)Payment : Pay-pal/Western Union / Credit card/Moneygram 7)Ship-ping : 4-7 days with guarantee of customs clearance, drop shipp-ing is accepted to customers'demands. 8)Who-lesale: very low price, you can make a small order first to test quality and service. ( http://newgoin.com http://newgoin.com ) Online Contact . thank you.