Kayak Files for $50 million IPO • Hacker News Board

Re: Kayak Files for $50 million IPO

#31

Post by rorrr » Wed, Nov 17, 2010, 8:36 PM UTC

theoneill wrote: post #30

rorrr wrote: post #27

I'm surprised it's valued that low. We constantly hear about all kinds of shitty sites getting millions in funding.

50m is not the valuation; it's the amount of stock they're selling.

How is that different from the valuation?

Re: Kayak Files for $50 million IPO

#32

Post by stonemetal » Wed, Nov 17, 2010, 8:48 PM UTC

rorrr wrote: post #31

theoneill wrote: post #30

Earlier quoted context omitted.

50m is not the valuation; it's the amount of stock they're selling.

How is that different from the valuation?

If they have 100 shares of stock and are selling 2 at the IPO for 50M then the valuation is much higher than 50M. Just because it is the IPO doesn't mean 100% of the stock is for sell. If they are putting out 20% of their stock then their valuation is 250M.

Re: Kayak Files for $50 million IPO

#33

Post by rorrr » Wed, Nov 17, 2010, 9:37 PM UTC

stonemetal wrote: post #32

rorrr wrote: post #31

Earlier quoted context omitted.

How is that different from the valuation?

If they have 100 shares of stock and are selling 2 at the IPO for 50M then the valuation is much higher than 50M. Just because it is the IPO doesn't mean 100% of the stock is for sell. If they are putting out 20% of their stock then their valuation is 250M.

Thanks! I always thought IPO means 100% of the common stock is sold.

Re: Kayak Files for $50 million IPO

#34

Post by aarlo » Wed, Nov 17, 2010, 10:09 PM UTC

stonemetal wrote: post #32

rorrr wrote: post #31

Earlier quoted context omitted.

How is that different from the valuation?

If they have 100 shares of stock and are selling 2 at the IPO for 50M then the valuation is much higher than 50M. Just because it is the IPO doesn't mean 100% of the stock is for sell. If they are putting out 20% of their stock then their valuation is 250M.

so what is kayak's actual valuation?

Re: Kayak Files for $50 million IPO

#35

Post by docgnome » Thu, Nov 18, 2010, 4:35 AM UTC

ojbyrne wrote: post #13

krschultz wrote: post #10

I didn't realize that the Kayak founders have a member from basically every other major competitor. I would love to hear that story.

I think if you look at any large website in the travel space, that holds true, it seems to be an especially incestuous industry. When I worked at Tripadvisor (owned by Expedia) we had significant numbers of people in our group from Travelocity.

Odd. I wonder why that is. I suppose it has to do with gaining the knowledge to work in the space. Once you do, it's probably easier to find a job with other companies in the same space.

Re: Kayak Files for $50 million IPO

#36

Post by abalashov » Thu, Nov 18, 2010, 7:28 AM UTC

Revenue? What's the profit?

Re: Kayak Files for $50 million IPO

#37

Post by borism » Thu, Nov 18, 2010, 9:36 AM UTC

abalashov wrote: post #36

Revenue? What's the profit?

"Net Income was actually down for the first three quarters to $6.2 million from $10.4 million in 2009."

Re: Kayak Files for $50 million IPO

#38

Post by khuyi » Thu, Nov 18, 2010, 1:06 PM UTC

jfarmer wrote: post #29

aberkowitz wrote: post #24

Luckily for them, flight search is such a small [1] industry. [1] orbitz, chapoair, hipmunk, expedia, travelocity, farecompare, cheaptickets, hotwire, priceline, kinkaa, zoombu, cheapflights, etc

Funny enough, these sites (including Kayak) are pushing users away from flight booking and towards hotel booking because the margins are much larger. kayak.com defaults to hotel search now, for example.

While the major guys move towards hotel booking, startups are tackling a lot of different problems in travel. This feels like perfect time for kayak to be raising money to compete. More here http://khuyi.tumblr.com/post/1592395981/online-travel-ripe-f...

Re: Kayak Files for $50 million IPO

#39

Post by thushan » Thu, Nov 18, 2010, 2:59 PM UTC

mrduncan wrote: post #18

thushan wrote: post #16

Does anyone know of any other solutions for this kind of data other than ITA? Are there any open/cheap APIs for getting at scheduling/price data? I hear Hipmunk is using Orbitz currently to power their results (or so someone said on that recent TechCrunch article in the comments). Does Orbitz have some API? Would be a fun data set to play with if one is openly available, though I love what Hipmunk is already doing.

Kayak has an api (limited to 1000 searches / day): http://www.kayak.com/labs/api/search/ I believe that Orbitz will require you talk to someone in order to get access to their api.

Thanks for that info. That's a great start for what I'm looking for.

Re: Kayak Files for $50 million IPO

#40

Post by jojopotato » Thu, Nov 18, 2010, 4:54 PM UTC

jfarmer wrote: post #29

aberkowitz wrote: post #24

Luckily for them, flight search is such a small [1] industry. [1] orbitz, chapoair, hipmunk, expedia, travelocity, farecompare, cheaptickets, hotwire, priceline, kinkaa, zoombu, cheapflights, etc

Funny enough, these sites (including Kayak) are pushing users away from flight booking and towards hotel booking because the margins are much larger. kayak.com defaults to hotel search now, for example.

Careful, they default to whatever search you ran last :)