What they do: Hotels routinely overbook to make up for no-shows and cancellations, meaning that they will sometimes have to place an overbooked guest to another hotel, a process done by phone that can take over an hour. Roomstorm creates a digital marketplace for hotels to buy and sell rooms, reducing the time it takes to place a guest from hours to just minutes.
Why it's a big deal: An empty room is a loss for a hotel, so filling that room as soon as possible is a hotel’s number one priority. Roomstorm helps hotels fill those empty rooms, makes finding rooms for overbooked hotels quick and painless and helps guests get settled faster. During city-wide sellouts, such as during a baseball game, the Roomstorm marketplace regularly still has rooms available when everyone else does not. This creates a premium market for high-demand rooms during peak times and helps hotels keep these rooms filled during those times.
50% growth month/month since February
Nearly 50% of all Bay Area hotels are paying customers
Customers include: Hyatt, Hilton, Four Seasons, Marriot...
Seed funded 1500+ startups (including AirBnB) with total valuation over $85 billion. 70 startups valued over $100m.
Fueling your fast growth
Managing Director Accenture in the Finanical Services Practice (18-years). Also an angel investor in and adviser to over 35 start-ups.
Private Equity & Seed Investor • VP TSCP • Worked Bodley Group Goldman Sachs IBD • Studied Stanford BA/MA/Football Wharton MBA
We're Y Combinator Alumni and the co-founders of Equidate. We have invested in Zenefits, Coin, sendwithus, Navdy, Caarbon, Naytev, Beep, WalkSource
VC Firm · Seed Fund · Private Equity
249 startups have raised $82,755,358 on Wefunder
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Legal May 16th 2016
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