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AcquiredJuly 26, 2017
Episode 41: Booking.com with Jetsetter & Room 77 CEO Drew Patterson
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Acquired trains its lens on the “second or third best acquisition of all-time”, Priceline’s 2005 purchase of Booking.com. Our heroes are joined by friend-of-the-show and former Jetsetter & Room 77 CEO Drew Patterson to help understand how this little-known startup from The Netherlands grew into the largest travel company in the world, with nearly $8B in annual revenue. Was this deal even better than Instagram??? We debate, hotly.
2 book mentions in this episode.
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Books Mentioned
The Everything Store
Brad Stone
“The discussion revolves around the struggles Amazon faced with ebook pricing and the different pricing models they had to navigate.”
Sentiment: Deep Dive
Trigger: e-commerce and marketplaces
For: Entrepreneurs and business strategists
Key quote: “He talks so much in the everything store, um, about the struggle that Amazon went through with, uh, with ebook pricing and, um, the, the, the wholesale versus the agency model there.”
The host mentioned 'The Everything Store' to illustrate the complexities Amazon faced with ebook pricing models and how these challenges mirror those in the travel industry. This comparison highlights the evolution of business models across different sectors and the impact of marketplace dynamics.
ASIN: B00FJFJOLC
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“The book 'E-boys' is about the early days of benchmark, the venture capital firm that was behind Priceline.”
Sentiment: Deep Dive
Trigger: Priceline acquisitions strategy
For: Entrepreneurs and business students interested in venture capital and market expansion strategies.
Key quote: “I think it was a big deal in the book, E-boys, which is about, um, the early days of benchmark, the venture capital firm.”
The host mentions 'E-boys' to highlight the early days of Priceline and the venture capital backing from Benchmark. This context illustrates the challenges and strategic decisions Priceline faced during its expansion into the European market.
ASIN: B00182XI3U
Buy on AmazonClick the book cover image to open the affiliate link.