Venture partner Erik Blachford has been with Technology Crossover Ventures (TCV) since 2011. Blachford, formerly president and CEO of Expedia and IAC Travel, has helped guide the firm’s investments in Room 77 and Hotel Tonight. TCV has also invested in Hipmunk, HomeAway, and Liftopia.
Pragmatism is key when picking startups for investments, notes Blachford. “I can’t speak for anyone else, but to me there’s a bright shining line between the entrepreneurs who are willing to ask themselves whether real travelers in the real world would use their services and the entrepreneurs who think that travelers ‘could’ or ‘might want to’ use their services,” he says.