Premium Essay

Investor Pitch to Headout

In: Business and Management

Submitted By roxanne1114
Words 831
Pages 4
Headout, a mobile travel application that functions as sort of a mobile concierge, helping you find tours, activities and tickets to local events in select U.S. cities, has closed on $1.8 million in seed funding in order to expand its business to new markets. Currently only live in New York and Los Angeles, the startup says it plans to utilize the funds to reach 12 more cities by year-end.

This includes expansions into San Francisco, Los Angeles, Chicago, Washington D.C., Miami, and others over the next few months.

Describing itself as an “Uber for tours,” the startup first began as Bangalore-based Tourlandish, and was initially targeting travel to and from Asia. But the company, which later participated in the 500 Startups accelerator program, shut down that app and relaunched with one focused on New York tours and events instead.

After being live in New York for around six months, Headout launched in Las Vegas as its second supported city.

Today, Headout has close to 500 last-minute activities available in its application, which the startup reports are anywhere from five to ten times more than its competitors offer. There are also 300 more vendors on waitlists for inclusion.

Not all vendors are able to participate in Headout, however. Instead, the company tests out the activities in advance in order to vet them. If approved, the vendors are then given access to their own standalone mobile application that allows them to control when their activities are made available to Headout users. That is, they can use the service to quickly fill unsold inventory by listing the number of seats or tickets available and reducing the prices, if they choose.

The idea with the consumer-facing app is to quickly connect travelers with a variety of travel experiences, ranging from theater tickets to helicopter tours to dinner cruises and more with just a few taps....

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