Earlier today when we wrote about UrbanSpoon trying to get a piece of Opentable’s pie, this quote from Urbanspoon VP Kara Nortman really struck me, “Two years ago, an online reservation system required a massive upfront investment,” she said, now claiming that building a similar platform is as simple as setting up an iPad/iPhone app. → Read More
London-based online restaurant reservations and marketing services company Livebookings says it has processed 1 million bookings for restaurants in a single month, marking the largest ever for the OpenTable rival.
In the same month the record was achieved (that would be March, 2011), Livebookings secured £6 million – or nearly $10 million – in a round of funding from existing shareholders… → Read More
London-based online restaurant reservations and marketing services company Livebookings says it has processed 1 million bookings for restaurants in a single month, marking the largest ever for the OpenTable rival.
In the same month the record was achieved (that would be March, 2011), Livebookings secured £6 million – or nearly $10 million – in a round of funding from existing shareholders… → Read More
Over the last week I’ve gotten several pitches from companies taking a new twist on OpenTable’s business. One of two things has happened: Either there’s a new flurry of activity around the restaurant reservation/recommendation/lead generation space or having groused about OpenTable and recently posed a question on whether they should be disrupted, I’ve just become the go-to target for anyone… → Read More
I’ve had a checkered relationship with OpenTable. Initially, I loved it as a user, then was let down as the service evolved. For instance I found the eat-at-100-restaurants-and-get-a-measly-$20-check rewards system slightly better than a punch in the face and was annoyed that restaurants still required me to call to verify a reservation. If I had time to make a phone call, I wouldn’t have used… → Read More
Editor’s note: With the growth of local commerce on the Web, the links between online and physical commerce are becoming stronger. In this guest post, Alex Rampell, the CEO and founder of TrialPay, explores the forces behind what he calls “online2offline” commerce.
What do Groupon, OpenTable, Restaurant.com, and SpaFinder all have in common? They grease the wheels of online-to-offline… → Read More
One publicly traded Web business that seems to be humming (unlike AOL) is OpenTable. The company announced second quarter earnings last night. Revenues were up 37 percent to $22.5 million, and net profits rose a whopping 273 percent to $2.6 million.
To make those diners even more loyal, OpenTable is getting into group buying and flash sales by launching a weekly deal program called Spotlight… → Read More
Yelp is adding a nifty feature today which will make scoring a table at restaurant a breeze. The reviews and listings site is integrating OpenTable’s reservation system into Yelp.
This essentially allows any logged-in Yelp user to make a reservation without having to leave the site. There is now an OpenTable section on the Yelp listing page for all restaurants who are listed with the reservations… → Read More
In less than six months, online restaurant reservation site OpenTable has seated an additional one million diners via its mobile apps. In late October, OpenTable had reached the milestone of seating one million diners via its mobile offerings, a year after its iPhone app launched. It took only four and a half months to seat another million diners. Additionally, the site says that based on an… → Read More
Online restaurant reservation site OpenTable has hit a milestone today, seating one million diners via its mobile apps. And the site says that based on an estimation of a $50 average check per diner, OpenTable believes that diners using its mobile applications have generated more than $50 million in revenue for its restaurant partners.
OpenTable allows diners to find and book reservations at more… → Read More
As Erick pointed out yesterday, IPO registrations are up. But even if all of these companies go out, does this mean VCs are out of the no liquidity woods? Hardly.
Sure everyone brings up LinkedIn and Facebook as the potentially huge homerun IPOs in the wings, but a lot of the companies queuing up look more like OpenTable.
The reservation Web site deserves props for making it out in a tricky… → Read More
Another small sign that the worst of the recession may be behind us: IPO registrations are clawing their way back from the shadow of the valley of death (also known as the first quarter if 2009, when there were zero IPOs registered with the SEC). So far in July and August alone there have been 14 IPOs, as many as in the previous three quarters combined. These numbers and the chart above are… → Read More
After four quarters in which venture-backed IPOs have been dead in the water, a handful finally poked their heads up in the second quarter. The National Venture Capital Association counted five IPOs during the quarter, including DigitalGlobe ($279 million raised), SolarWinds ($152 million), and OpenTable ($60 million). A total of $721 million was raised. Just for a little context, two years… → Read More
In the online reservation space, you probably know about OpenTable. The restaurant reservation service’s IPO in a time of drought for IPOs, made big headlines. Now imagine OpenTable for just about everything besides restaurants. That’s BookFresh.
Who might need such a service? A lot more services and individuals than you may realize. While most services have some sort of scheduling system, many… → Read More
Is the IPO drought over? Not quite. But OpenTable’s successful IPO today will give tech startups and VCs a sign of hope that you can still go public eventually if you have a real business. On a day when the Nasdaq is down 2 percent, OpenTable is up 40 45 percent from its offering price of $20 (which itself kept moving up from $12 to $14 initially). The stock opened at $24, and was trading at… → Read More
Why is it that you can book a table at a fancy restaurant through OpenTable, but you can’t book the bar for a corporate party? That is the question that a startup in New York City called Pogby is trying to answer. Barely in beta, Pogby is an event booking service founded by Joshua Gooch, who used to run JetBlue’s Website and helped build its TrueBlue customer loyalty program. Pogby aims to… → Read More
OpenTable, the online restaurant reservation site that was founded in 1998, is hoping to raise as much as $40 million in an IPO, according to a filing with the SEC (embedded below). The prospectus offers a detailed look at the company’s finances and operations.
Revenues through the nine months ended September 30, 2008 were $41.3 million, a 41 percent increase from the same period in 2007. → Read More
Some of the most useful set of apps on the iPhone are the restaurant apps that tell you what is to eat nearby. There’s UrbanSpoon, Yelp, and LocalEats, among others. But once you find a restaurant, you still have to call to make a reservation. Now, you no longer have to use up those minutes. Online reservation service OpenTable released an iPhone app today that lets you not only find nearby… → Read More
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