Eleven tips for bootstrapping an online travel startup
There are many different approaches to financing a new online travel company. A startup can raise venture funding, tap into a wide and rapidly expanding network of angel investors, or go it alone and try growing organically.
Whatever the method, each of these models has one thing in comment: it’s always helpful to know how to conserve cash.
During the 9 years since EuroCheapo published its first budget hotel guide, we’ve learned a lot about the importance of bootstrapping. Many of these “lessons” came in hindsight and followed periods of uncertainty amid dramatic shifts in the industry, while others are common sense tips that we wish we would’ve known and put into practice earlier.