Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Porter
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
[[File:Porter logo.jpg|thumb|Porter logo]] '''Porter is a personal travel companion, helping you discover, book and experience your best-matched trips.''' == Summary<ref name=":0">https://www.seedrs.com/porter/</ref> == * Launched version one of Porter with a global supply of 300k hotels * Strong initial traction, with over 4,000 early-stage users * Talented leadership and advisors (IHG, Admiral, GoCompare) * Supported by Transport for Wales and Google for Startups <vimeo>711585667</vimeo> == Operations<ref name=":0" /> == Porter is a company that wants to make travel booking better. It's building a travel site, designed to make the whole process of travel as simple and enjoyable as possible, from discovery and booking, through to experiencing and enjoying. In the UK, 43% of holiday-makers spend more time planning their holiday, than time away. 1 in 3 UK travellers suffer from shoppers anxiety. Porter is building a digital travel companion, that's with you throughout your travel experience. Based on your personal preferences, the app provides smart recommendations, matched to you. The company's smart recommender system allows it to plug in thousands of data points and options, and turn them into a shortlist of the results that it thinks is right for you. == Key accomplishments to date<ref name=":0" /> == * Version 1 of Porter launched, focusing on hotel recommendation and booking. * Grown to a global supply of 300k hotels, thanks to its accounts with Impala and Hotelbeds. * Over 3,000 early-stage users, and growing. * Talented team assembled with experience spanning tech, UX, product and marketing. * Advisory team with travel expertise and travel exits. * Accepted onto the Welsh Government's Accelerated Growth Programme for high growth potential businesses, the Natwest Accelerator, the Tramshed Tech Startup Academy, and just awarded a place on the Transport for Wales Accelerator programme. It's also participating in the Tech Export Cluster being run by Tramshed, Welsh Government and Impact Innovation. * Recently won a demo day pitching competition which resulted in us winning a package of support from Google for Startups. * Shortlisted for multiple awards including the Wales Startup Awards and Great British Entrepreneur of the Year. == Monetisation strategy<ref name=":0" /> == The global online travel agent market is significant (and growing), estimated to be worth in excess of Β£430bn<ref>Data from 2020.</ref>. Porter earns on a commission basis. This means, every time a member books a hotel, Porter receives a percentage of the total price paid. * Currently, Porter earns up to 15% of the total price paid for a hotel stay. * Porter receives the full booking amount up-front and then pays the net rate at a later date making Porter's cash model very efficient. * As the company grows, there's the opportunity for it to earn commission for additional travel products e.g. flights, trains, experiences and car hire. * Porter is also keen to test a tiered subscription model (think Amazon Prime for travel). * Finally, there are potential B2B revenue streams to be explored. This could include us offering aspects of Porter as-a-service, or by providing insight packages into travel trends. == Use of proceeds<ref name=":0" /> == Recruitment to enhance its in-house capabilities, focusing on product, engineering, data and marketing. Accelerate growth by scaling its core marketing channels, whilst also testing referrals, loyalty and influencer marketing. Furthermore, continue investing in its proprietary technology and digital products to enhance its recommendations, and scale to new verticals. == Team<ref name=":0" /> == '''CEO''' [[File:Gary Piazzon.jpg|none|thumb|Gary Piazzon]] '''CTO''' [[File:Miles Cook.jpg|none|thumb|Miles Cook]] '''Frontend Developer''' [[File:Pooja Sidapara.jpg|none|thumb|Pooja Sidapara]] '''Fullstack Developer''' [[File:Alex Jeffers.jpg|none|thumb|Alex Jeffers]] ==Risks== As with any investment, investing in Porter carries a level of risk. Overall, based on the key risks highlighted below, the degree of risk associated with an investment in Porter is higher than in a company that's trading on a public market (such as Beyond Meat). ===Early-stage investment=== Porter is at one of the earliest stages of the business lifecycle, and the failure rate of companies at that stage is usually much higher than those at a later stage. ===Illiquid investment=== The number of transactions in shares of private companies is usually significantly lower than in public companies, typically resulting in it taking longer to sell shares in private companies at a price that is at least equal to the price that the shares were bought at. Accordingly, the Porter investment opportunity is considered to be higher risk than more liquid companies. ==Actions== To invest in Porter, click [https://www.seedrs.com/porter here]. To contact Porter, click [mailto:hi@portertravel.co.uk here]. == References == <references /> [[Category:Thesis]] [[Category:Equities]] __INDEX__
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)