TechJournal South Header

Posts Tagged ‘OpenTable’

Four reasons to attend SEVC 2012

Friday, February 17th, 2012

UPDATED – Fewer than 40 seats are left for the Southeast Venture Conference in Tysons Corner, VA. Here’s four reasons you may want to grab one of them.

  1. SevcLearn from top entrepreneurs like Netflix’s co-founder and OpenTable’s founderEntrepreneurs Marc Randolph,  co-founder and initial CEO of Netflix and Chuck Templeton, founder OpenTable, changed the concept of dinner and a movie.  Their companies transformed how people interact with the entertainment and dining industries.  Come share a drink and a meal with them and hear them speak about the strategies that led them to success and where they are investing their time and money for the next big thing.
  2. SevcTake in presentations by 60 companies driving regional growth and technology advancementWith a record number of presenting companies at SEVC, you have unparalleled access to the Mid-Atlantic and Southeast’s brightest stars. See the list of presenting companies here.
  3. SevcLearn the latest strategies and industry trends discussed by noted subject matter expertsOver 40 leading industry insiders and venture capital professionals will provide lively discussion and debate on the latest trends for M&A, Fundraising Strategies, IPOs, Venture Capital, Valuations, Hot Investment Sectors, Global Growth and more.
  4. SevcNetworking, Networking, Networking… Did we say Networking?Whether it’s setting formal meetings with investors and executives through our attendee networking platform or making lasting connections through hours of  networking breaks, meals and receptions – SEVC is designed to help you connect with leading venture capitalists and investors from around the US, peers and leading entrepreneurs.

Hundreds of venture capitalists, private equity investors, entrepreneurs, senior technology executives and others from the innovation community will be networking in force at this year’s SEVC.

Register today to nab one of the remaining seats at the region’s premiere venture forum.

Connect with 60 high growth tech companies at the Southeast Venture Conference

Tuesday, February 14th, 2012

Sevc 2012Make connections with 60 showcase high growth technology companies from the Southeast and Mid-Atlantic as they present to hundreds of executives from the region’s innovation, entrepreneurial and venture communities,  at the Southeast Venture Conference February 29th – March 1st at the Ritz-Carlton in Tysons Corner, Virginia.

In addition to presenting companies and hours of executive networking – the conference will feature a speaker line up including Netflix co-founder and former CEO, Marc Randolphand includes dozens of leading venture capital investors from groups like Lightbank and NEA; industry insiders from organizations including Bloomberg, Motley Fool and theNational Venture Capital Association; and other successful entrepreneurs such asOpenTable founder, Chuck Templeton.

This year’s presenting company line-up includes:

Register today to guarantee your space at the region’s premiere venture forum!

Six reasons to attend the 2012 Southeast Venture Conference

Monday, February 6th, 2012

Sevc 2012People who have attended previous Southeast Venture Conference events tell us they are a great way to grab a spot on the radar of top venture capital firms, but also to make lasting connections with potential customers, partners and executives.

Here are six of the reasons the SEVC sells out year after year:

  1. You’ll make connections with the region’s top tech entrepreneurs and executivesWith 60 presenting companies and hundreds of high growth company C-level executives in attendance, SEVC lets you build partnerships with the region’s leading tech firms..At the 2009 SEVC, attendees had the chance to connect with the founder and CEO of an up and coming startup called, LivingSocial. At the time LivingSocial was the typical SEVC presenter, having recently raising their Series A round and looking to grow revenue. Since presenting at SEVC, LivingSocial has rocketed by raising well over $600 million in capital and has over $1 billion in annual revenue. Connect and partner with tomorrow’s LivingSocial at this year’s SEVC.
  2. SevcYou’ll network with leading venture capitalists and investors from around the USSEVC hosts leading investors and venture funds from around the US, not just the Southeast and Mid-Atlantic, who come to network with fellow investors and the region’s leading innovation talent.Whether you’re in venture fundraising mode or an investor looking to further relationships with fellow investors for deal flow, SEVC is the vehicle to make those connections.
  3. SevcYou’ll get market insight and success strategies from the innovation and venture community’s brightest starsFrom the founder of Netflix to thePresident of the National Venture Capital Association - SEVC will feature over 40 speakers discussing the latest trends, best practices and strategies relating to venture investing and entrepreneurial growth. You’ll learn from them not just during roundtable discussions, but in one on one situations as well through the hours of networking.
  4. SevcTo make networking and private meetings even easier, we’ve added a pre-event networking platform for attendeesNew this year at SEVC is our online networking platform which allows attendees to connect with one another prior, during or after the conference. Attendees can see other attendee’s interests, request and setup meetings and connect helping to maximize the lasting connections you’ll make at this year’s conference.
  5. SevcEntrepreneurs can benchmark your pitch and strategiesUp and coming entrepreneurs can benchmark their pitches from the over 60 presentations from leading innovators in the region. These are companies that for the most part have already been successful in venture fundraising and are well on their way to success. You’ll not find another single forum on the east coast with this many funded companies presenting.
  6. SevcEven more CXO and Venture Partner networking to create relationships that can last your entire careerNetworking is center stage at SEVC. Over one and a half days there are 3 separate open bar networking receptions, a networking breakfast, lunch networking and 7 additional networking breaks.

Showcase companies will present to a national audience of venture capitalists, private equity investors, angel investors and senior technology executives.  Attendees will have additional opportunities to network and connect with these showcase companies throughout the conference – as well as prior to the conference with the online attendee networking platform.

You’ll need to register before Feb. 10 to get the conference rate at the Tysons Corner, VA, Ritz Carleton:

Register today to guarantee your space at the region’s premiere venture forum.

 

OpenTable says make your Valentine’s Day reservations early (infographic)

Wednesday, January 25th, 2012

OpenTableIn advance of one of the busiest dining holidays of the year, a new survey by OpenTable, Inc. (NASDAQ: OPENwww.opentable.com), reveals that diners are planning to fill seats at romantic restaurant hot spots early this year.

Fifty-three percent of respondents saying they plan to make reservations more than a week before this Valentine’s Day, according to OpenTable, a  provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants.

Interested in OpenTable as a company? You can hear OpenTable founder Chuck Templeton at this year’s Southeast Venture Conference in Tysons Corner, VA, Feb. 29-March 1.

Here’s an infographic OpenTable created on this year’s Valentine’s Day trends:

Valentine's Day infographic

“With this Valentine’s Day falling on a Tuesday, we are going to see two spikes in restaurant reservations,” said Caroline Potter, Chief Dining Officer for OpenTable. “About half of diners surveyed anticipate booking a romantic evening on the 14th, while another 26 percent are choosing to celebrate on Saturday night, February 11. Regardless of which night diners plan to celebrate, Valentine’s Day promises to be a bustling day for romantic hot spots.”

The economy doesn’t seem to be a factor as OpenTable diners are looking to enjoy an evening out with 93 percent planning to match last year’s tab or step up the spending, which is 3 percent more than spending plans in 2011.  Additionally, 54 percent of OpenTable diners plan to spend $101 to $200, while 10 percent expect to shell out more than $200 on dining.

One city famous for its high rollers is preparing to up the ante this year with 20 percent of diners in Las Vegas planning to spend more than $200, a claim to spend they share only with the sandy, sunny city of Miami. Not surprisingly, New York Citydwellers follow closely behind as 19 percent also will be dropping the big bucks with their sweetheart.

The love-driven lavishness when dining, however, stops just short of gifts with 86 percent of respondents admitting that they do not exchange gifts at the table. In fact, 15 percent of OpenTable diners believe a gift exchange is much better suited for a private venue, finding swapping gifts in a restaurant to be inappropriate and bordering on obnoxious.

A few cupid-happy cities firmly stand by the age old idiom that money can’t buy love and hope to scale down spending entirely this year. Seattle respondents lead the pack on shifting Valentine’s Day spending down a notch with 16 percent of diners saying they will drop fewer dollars celebrating this year, with Atlanta (15 percent) and Los Angeles (10 percent) diners following this trend close behind.

One item the OpenTable survey respondents couldn’t quite agree on was what type of restaurant they find most romantic in dining with that special someone. While 35 percent of diners find it most amorous to stick to a traditional Italian cuisine forValentine’s Day, other diners seek a different type of taste for a romantic rendezvous:

  • 25 percent find French cuisine to be the most romantic
  • 11 percent find American cuisine to be the most romantic
  • 8 percent find fondue to be the most romantic
  • 7 percent find tapas to be the most romantic

Even if there is no special someone this year, OpenTable diners still are committed to dining out. Three out of 4 survey respondents said they have dined out with friends on Valentine’s Day or if they have not yet, they certainly would.

For diners still searching for the right restaurant, OpenTable.com provides Diners’ Choice Top Ten Most Romantic Restaurants lists for each metro region and access to specials and menu details for February 14.  For more information, please visitwww.opentable.com/valentines. Diners can also find more tips and trends regarding Valentine’s Day on OpenTable Chief Dining Officer Caroline Potter’s “Dining Check” blog at OpenTable: http://blog.opentable.com.

Early registration discount for Southeast Venture Conference ends Friday

Thursday, January 19th, 2012

Speakers headed to the 6th Annual Southeast Venture Conference in Tysons Corner, VA, Feb. 29=March 1

Early, discounted regsitrations  for the Southeast Venture Conference at Tysons Corner, VA, Feb. 29-March 1 end Friday, Jan. 20. This year the SEVC features Marc Randolph, co-founder of Netflix, Chuck Templeton, founder of OpenTable, Mark Heesen, president of the National Venture Capital Association,  top venture capital firms and innovative tech startups.

Randolph is a leading Silicon Valley investor in addition to being co-founder and former CEO of Netflix. Randolph and Templeton are just two of the hundreds of leading venture investors and entrepreneurs headed to this year’s event.

VCS representing $50B in capital attending

Venture capital firms at the event represent $50 billion in investment money.

The 6th Annual Southeast Venture Conference also features presentations from more than 60 of the hottest Southeast and Mid-Atlantic high growth tech companies. Companies that presented at the 2011 SEVC had average revenues of $6 million.

Also on the agenda: Paul Lee, partner, Lightbank, Marshall Brain, founder of HowStuffWorks.com, Jalak Jobanputra, venture investor, New Venture Partners, Harry Weller, general partner, NEA, Sean Marsh, co-founder, Point Judith Capital, Robert Peterman, Toronto Stock Exchange, and Roland Reynolds, managing director, Industry Ventures.

New this year

New this year is a pre-event networking platform, which will allow attendees to connect ahead of the event, increasing the opportunities to make it even more productive.

The Southeast Venture Conference is the premiere venture forum in the region and has sold out every year. Register here.

 

Netflix co-founder Marc Randolph headlines upcoming Southeast Venture Conference

Thursday, January 12th, 2012

Sevc 2012The Southeast Venture Conference always attracts top-notch speakers and the 6th annual event, set for Tysons Corner, VA Feb. 29-March 1 continues the tradition, featuring Marc Randolph, co-founder of Netflix, and Chuck Templeton, founder of OpenTable.

Randolph is a leading Silicon Valley investor in addition to being co-founder and former CEO of Netflix. Randolph and Templeton are just two of the hundreds of leading venture investors and entrepreneurs headed to this year’s event.

The 6th Annual Southeast Venture Conference also features presentations from more than 60 of the hottest Southeast and Mid-Atlantic high growth tech companies. Companies that presented at the 2011 SEVC had average revenues of $6 million.

Other speakers at the 2012 SEVC include Mark Heesen, president of the National Venture Capital Association, who always brings up to the minute knowledge of the national venture capital scene and NVCA’s efforts in DC to his presentations.

Also on the agenda: Paul Lee, partner, Lightbank, Marshall Brain, founder of HowStuffWorks.com, Jalak Jobanputra, venture investor, New Venture Partners, Harry Weller, general partner, NEA, Sean Marsh, co-founder, Point Judith Capital, Robert Peterman, Toronto Stock Exchange, and Roland Reynolds, managing director, Industry Ventures.

New this year is a pre-event networking platform, which will allow attendees to connect ahead of the event, increasing the opportunities to make it even more productive.

The Southeast Venture Conference sells out every year. Discounts may be available for unfunded startups.

The $390 registration fee rises to $490 Jan. 21. It’s $590 at the door.

For more information or to register: http://www.seventure.org/register.html

 

 

Daily deal sites growing in popularity, have untapped opportunities

Thursday, September 15th, 2011

GrouponDespite recent news reports questioning the long-term viability of daily deal companies, a new study from researchers at Rice University and Cornell University shows that the companies are more popular than ever among consumers.

“The key finding is that there is no evidence of waning interest among consumers of daily deal promotions,” said Rice University’s Utpal Dholakia, co-author of “Daily Deal Fatigue or Unabated Enthusiasm?” “In fact, the more deals purchased by an individual, the more enthusiastic they seem to be.”

That’s really good news for Groupon which will likely go ahead and launch its initial public offering of stock in late October or early November, according to the New York Times. The company had delayed its IPO plans due to volatile market conditions for the IPO, which could value the company as high as $30 billion.

Dholakia, professor of management at Rice University’s Jones Graduate School of Business, and Sheryl Kimes, professor of hospitality management at Cornell University, examined consumer perceptions of promotions for nine daily deal companies: Groupon, LivingSocial, Travelzoo, Gilt City, OpenTable, BuyWithMe, ScoutMob, eversave and Restaurants.com. The researchers surveyed 973 respondents in August; 655 were daily deal users and 318 were not.

Good news for daily deal companies

Dholakia said the study is good news for daily deal companies, who have been hit hard in recent weeks with reports of the industry’s decline. Even previous research by Dholakia found that not enough businesses are coming back to daily deals to make the industry sustainable over a long time.

The new study shows significant opportunity for growth among consumers, as only 16.7 percent of the research panel’s population has used daily deals before, and the majority of non-users (90.6 percent) haven’t bought a deal because of awareness or access issues.

“We see significant further opportunity for trial and use of daily deals by current non-users,” Dholakia said.

Overall, daily deal customers tend to have little interest in being seen as different or “fringe” in their shopping patterns, are not very careful with their personal finances and do not think about spending issues all the time. They are interested in trying new products and services to have new experiences to talk about and influence others. They are attracted to a deal because it is a deal, and are likely to be less sensitive to the actual terms of the offer made by the merchant.

“All of these psychological characteristics indicate that the underlying motivations for purchasing daily deals are complex and multifaceted, having to do with more than just saving money,” Dholakia said.

The study brings into question one of the basic beliefs held by most in the daily deal industry. “There is a theory that consumers must be offered ‘deep’ discounts (50 percent or more) to be interested in daily deals,” Dholakia said.

“Our research shows that a significant number of consumers will continue to buy the deals even if the discounts are slightly smaller. This is a significant finding because my previous research showed that businesses find huge discounts to be unsustainable. The industry seems to be operating under the opinion that deep discounts are the only way to be successful, but that’s not the case.”

The study was funded by the Cornell Center for Hospitality Research and Rice University.

Read the complete new study and previous research papers by Dholakia on daily deal sites. visitwww.ruf.rice.edu/~dholakia.