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INTERVIEW: 12 Guys and 78 Emails Lead Travefy.com to $31 Billion Group Travel Market

12 Guys and 78 Emails Lead Travefy.com to $31 Billion Group Travel Market

Esti­mates of the size of the group trav­el mar­ket range from $31 to $87 Bil­lion and between fam­i­lies, col­lege stu­dents, wed­ding and events there is no short­age of groups desir­ing to trav­el togeth­er.  David Chait saw an oppor­tu­ni­ty when he and his friends had dif­fi­cul­ty coor­di­nat­ing a trip and after a suc­cess­ful 200 per­son MVP (most viable prod­uct) test are now see­ing 2% to 3% con­ver­sions of vis­i­tors to cus­tomers using their group trav­el book­ing engine at Travefy.com.     We had the oppor­tu­ni­ty to inter­view David recent­ly about his new busi­ness and how his gov­ern­ment job expe­ri­ence beat out work at McK­in­sey towards pro­vid­ing the knowl­edge to start this busi­ness. You can lis­ten to David’s Inter­view here and read it below: Roy:   This is Roy Weiss­man from MediaJobs.com. We’re talk­ing with David Chait at Trave­fy, a new start­up that solves the coor­di­na­tion headaches of group trav­el, find your best trip, col­lab­o­rate on details, book trav­el, and soon, to man­age expens­es. David, I appre­ci­ate you tak­ing the time to talk with us today and learn more about Trave­fy. When did you start this ser­vice, and give us a sense, in your words, of what Trave­fy, where it fits into the…

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Is Ebay a Comeback or Going Away Story?

With an esti­mat­ed 2012 sales of $8 bil­lion and 90 mil­lion down­loads of Ebay’s mobile app,  Mobile retail­ing is one of the fastest grow­ing busi­ness­es for Ebay. On the decline for years Ebay’s most promis­ing seg­ments are Pay­Pal pay­ments and mobile retail­ing.  The con­ven­tion­al wis­dom in terms of Inter­net com­pa­nies is that once decline sets in in terms of earn­ings. Ebay seems to be the excep­tion to that rule. Ebay shares hit a peak of $54 in 2004, but by ear­ly 2009 its stock was at slight­ly over $10. Now it’s stock is back trad­ing at more than $40 a share in 2012.  The major­i­ty of growth this year came from mobile retail­ing and Pay­Pal pay­ments.  A sig­nif­i­cant change in senior lead­er­ship also helped the com­pa­ny grow. The company’s web­site is an online per­­son-to-per­­son trad­ing com­mu­ni­ty online. The com­pa­ny has come a long way since its found­ing and com­petes with com­pa­nies such as Ama­zon. Ebay has a bright future and recent­ly unveiled a new eCom­merce plat­form called X.commerce, at the Ebay’s devel­op­er con­fer­ence.  More than 4,000 devel­op­ers were at the event, show­ing that devel­op­ers are eager to work for this boom­ing com­pa­ny. Ebay has recent­ly devel­oped some new part­ner­ships with…

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