![]() Founded in 1995, the firm has offices in Woodside and San Francisco, California.Ĭommitment to open source and is noted for creating the first equal ownership and compensation structure for its partners. They focus on early-stage venture investing in mobile, marketplaces, social, and infrastructure, and enterprise software. “The consumer has an experience that is an order of magnitude better than the traditional solution, and simultaneously the supplier (sitter) receives substantial incremental income with relatively little investment, which creates a sustainable flywheel effect.” About Benchmarkīenchmark invests in and works alongside entrepreneurs building startups into transformational companies. “DogVacay is a remarkable two-sided marketplace,” says Gurley. With thousands of 5-star reviews and prices that average half the local kennel, you can finally travel with peace of mind. Support, and daily photo updates of your pooch enjoying a “vacay” of his own. It’s a safe, convenient and affordable way to make sure your best friend is in a loving home while you’re away.Īll reservations include pet insurance, 24/7 customer About DogVacayĭogVacay is an online community that connects pet parents with over 20,000 pet sitters across North America, ready to care for your dog like a member of their family. We are also thrilled to be working with First Round once again (as in Mint, Uber), and are excited about our first partnership with Peter Pham, Mike Jones, and the team at Science in Los Angeles. He is not only an amazingly smart entrepreneur, but also a passionate dog owner. We are super excited to be working with Aaron Hirschhorn, the founder and CEO of DogVacay. From our perspective, DogVacay is a winner in the making. DogVacay’s six-month ramp and current monthly gross transaction revenue are very reminiscent of the very best of our previously funded successful marketplaces. In addition to our analysis, we had the added benefit that the company had been live since March, and we were able to confirm our analysis by witnessing amazing early traction in the field. You may be surprised how well DogVacay checks out against this list.Īfter taking a detailed look at the crowd-sourced dog care market we became quite excited about the opportunity at DogVacay. The most recent Above the Crowd blog post, titled All Marketplaces Are Not Created Equal, outlines ten different ways to judge the potential effectiveness of an online marketplace. However, a more analytical and detailed look at the market uncovers that this is a high potential, high probability online marketplace opportunity. ![]() At first blush, a website that allows owners to book a “Dog Vacation” for their esteemed pet may seem like an unusual choice for a venture investment. DogVacay is an online marketplace that links dog owners with passionate dog care providers who open up their own homes as an alternative to the traditional cage-oriented kennel. Here he writes:Įarlier today, DogVacay, an exciting new startup in Los Angeles, announced that Benchmark has led its most recent round of financing. This isn’t a memo, but it’s worth reading regardless. About the VC investment memoīasically, Bill Gurley wrote a blog and has applied 10 important factors to DogVacay. It is not a memo, but there aren’t enough around to be choosy. Bill Gurley shared some comments on the company. Tl dr: Benchmark invested $6 in DogVacay at the series-a round in 2012. ![]()
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