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Class of 2010
Class of 2011
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PhoCusWright Events
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Andrew Bate

Founder and CEO, Trusted Guests, LLC

Andrew's primary responsibilities include Business Development. He also oversees investor management. Trusted Guests has just closed a $250,000 angel investor round of financing but will be raising more in early 2013. Andrew directs technology development and runs a team of five technology developers in Bangalore.

Describe a major challenge you see facing the industry:
Agencies (OTA’s): Due to these inefficient reservations and antiquated payments, vacation home Rentals are an up-tapped market for OTA’s such as Expedia, Priceline and, due to their inability to convert reservations automatically as they do for hotels. Empty Homes: Most vacation homes are empty right now. Over 20 million rooms just tonight because homeowners only stay about 30 nights per year and will not rent to strangers. This unused lodging capacity is significant, about 7.6 billion room nights per year, especially when compared to the hotel industry’s 6.0 billion annual room nights.

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