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Patrick Bosworth

๐Ÿ‘ค Speaker
221 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Yeah, I don't think the company would exist without it.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Tell me why.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Well, so the company was started through a section mate of mine convincing me that there was an opportunity to build a tech business here.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And then he introduced me to one of my co-founders, Craig Weissman, who is the chief technology officer of Salesforce.com at the time and was looking to found his own business.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And then in the fundraising process, whether it's the just way the world should run or not, it definitely created a lot more credibility that I had an MBA from Harvard.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Another co-founder had an MBA basically from Cornell.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And my third co-founder also went to Harvard.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Those networks are very strong, and it helps you get meetings with venture capitalists.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

And that's how we raised our first round.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Um, yeah, there are.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Um, I, I, I think that you do get other benefits other than just the network by, by going through, I did the two year program, so it wasn't a four or five year commitment.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Um, but, uh, so in particularly in my case where I was going from a non-traditional background, having, um,

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

worked in the arts as an actor and singer to then working in politics, it was really helpful for me to have a grounding in business terminology, the way businesses work, meet a lot of people that had worked in banking and consulting and other things that had a lot to teach me, aside from just the network.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

There are abbreviated programs.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

So there are things like the Executive Education Program, the Advanced Management Program,

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

and other short courses that you can take that give you access to the network.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

So that's the primary interest.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

Now, they tend to be expensive.

SaaS Interviews with CEOs, Startups, Founders
737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m

So it's like 60 or 70.

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