Archive for the ‘Entrepreneurs World’ Category

Andy Phillips – Priceline

Thursday, March 1st, 2012
where business leaders connect

Andy Phillips – Priceline, toptable, Active Hotels,Reevoo, Green Traveller, Albion Ventures, i2o water

8 December 2011 at Grange Hotel, Holborn, London

Entrepreneurs World Event – - A reminder for those that were there – A flavour of the meeting for those that could not make it

Entrepreneurs World lunch - the audience and speaker
Andy Phillipps discussion with Entreprenepeurs World captured as a mind map with MindManager
http://www.insead.edu/home/ http://www.insead.edu/home/ http://www.cheapflights.co.uk/ http://www.cheapflights.co.uk/ http://uk.linkedin.com/in/davidsoskin http://uk.linkedin.com/in/davidsoskin http://uk.linkedin.com/pub/andy-phillipps/14/15a/397 http://uk.linkedin.com/pub/andy-phillipps/14/15a/397 http://www.toptable.com/ http://www.toptable.com/ http://www.activehotels.com/ http://www.activehotels.com/ http://www.priceline.com/ http://www.priceline.com/ http://www.albion-ventures.co.uk/ http://www.albion-ventures.co.uk/ http://www.reevoo.com/ http://www.reevoo.com/ http://www.i2owater.com/ http://www.i2owater.com/ http://www.greentraveller.co.uk/ http://www.greentraveller.co.uk/



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Andy Phillipps
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1. David Soskin
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1.1 The Interviewer

1.2 Question from audience

1.3 Ex CEO Cheap Flights
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2. The most distinguished British Internet entrepreneur

2.1 Past

2.1.1 CEO International Priceline.com
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2.1.1.1 24 billion

2.1.2 Chairman toptable.co.uk
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2.1.3 CEO and co-founder Active Hotels
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2.2 Current

2.2.1 Chairman Reevoo
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2.2.2 Chairman Green Traveller
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2.2.3 Director Albion Ventures
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2.2.4 Chairman i2o water
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3. What before?

3.1 Engineer at BOC

3.2 MBA at INSEAD
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3.3 Nearly started an Olive business


4. How did you enter the Internet market?

4.1 Via Travel

4.2 Chose a bust business model


5. Raising money?

5.1 Internally generated

5.2 Minimised use of cash

5.3 But then

5.3.1 Business Angel

5.3.2 And many others


6. Business Model?

6.1 Ran bookings for 760 hotels

6.1.1 Most without Internet access to start with

6.2 Alcatel deal

6.2.1 (Slow) Modem in every hotel

6.3 Sole Internet booking system

6.4 But no one buying via Internet

6.5 But we were top of the search results

6.6 Discovered need to dominate sectors

6.6.1 Blackpool


7. Big space for digital entrepreneurs but UK don’t do as well as US

7.1 The US guys were terrifying

7.2 But stretched the truth

7.3 Better at entrepreneurial attitude

7.4 They use the same language


8. Business Vision?

8.1 Fun

8.2 Ever changing mission


9. MBA result?

9.1 Saw how a whole business worked

9.2 Provided common language with venture capitalists

9.3 Realisation of global opportunity


10. Getting customers?

10.1 Find via Internet

10.2 Book appointments

10.3 Show how we were ranked

10.4 Show credibility

10.5 Recruited ex chairman ex largest hotel booking company


11. Breaking the chains?

11.1 4 years for Hilton

11.2 Conservative

11.3 Worked up the ladder

11.4 Small

11.4.1 Medium

11.4.1.1 Large


12. VCs Involvement?

12.1 At key points

12.2 Hands off day to day


13. Guts v Analysis?

13.1 Guts

13.1.1 Try it

13.1.2 Get results

13.2 Analyse

13.2.1 Then optimise

13.2.2 Detailed adjustments

13.2.3 Measure

13.2.4 Kill quickly

13.3 What do you do now?

13.3.1 Learn from customers


14. Dilution?

14.1 Not my expertise


15. Testing 1st customer?

15.1 Take a risk

15.1.1 Promote to

15.1.1.1 Suppliers

15.1.1.2 Customers

15.1.2 With incomplete demos

15.2 Kept coding in house

15.2.1 Much better communication

15.2.2 Easy to manage change


16. Value of Business Plan?

16.1 It attracted money

16.2 But the model changed quickly


17. How did you get those valuations on exit?

17.1 Market leader premium

17.2 It’s what buyer is prepared to pay

17.3 Investment bankers

17.3.1 Process knowledge

17.3.2 Well connected

17.4 Accountants


18. International growth?

18.1 First target – France

18.2 All French employees

18.3 3rd year ahead of track

18.4 We should of sent our manager in at beginning


19. Difference between Top Table and Active?

19.1 Active

19.1.1 Not strong on brand

19.1.2 More functional

19.2 Top Table

19.2.1 Brand message

19.2.2 Customer related


20. Biggest challenge?

20.1 Running out of cash

20.2 Funding rounds most stressful

20.3 Untitled

20.4 Yellow Pages

20.4.1 Terminated contract

20.4.2 Contracts do not have guaranteed duration


21. Priceline was a step back in to large business. How was that?

21.1 Sarbanes Oxley shakes

21.2 Did not know everyone


22. What next?

22.1 Getting back to Exec role

22.2 See saw of entrepreneurship




Andy Phillips – A review of his many businesses

Thursday, December 8th, 2011

Andy Phillipps speaking to Entrepreneurs WorldAndy Phillips has been a the founder, director and investor in many businesses – Priceline, toptable, Active Hotels, Reevoo, Green Traveller, Albion Ventures, i2o water. David Soskin and the audience at the Grange Hotel question Andy about his experiences.

To see the full picture with links to more information, please click the image.

Entrepreneurs World – Event Archive

Wednesday, April 11th, 2007

These are the events that where recorded and published on a previous website. You can still access the event pages from here but the navigation back may not work!

Richard Reed – Innocent

7 April 2011
The three smoothies created a business by sticking to their values and developing cunning plans. They found an investor who committed himself to their growth when others could see no value. They are successful, are still friends, have happy employees and loyal customers.

See the map for the summary and the answers to the awkward questions.


Rob Hamilton – Instant Offices
Lessons Learnt Growing a
Serviced Office Business

10 March 2011

Lesson 1 – Keep control of the equity

Lesson 2 – Give shares away later
Lesson 3 – Get the right people and look after them
Lesson 4 – Simple Business Plan
Lesson 5 – Take Time Out
The Q&A delved deeper in to the above.

Victoria Wills – NuBeginnings

17 February 2011
Taking the known into the unknown.
Victoria had personally researched the weight loss market and found that the boot camp was the best.
Deciding to buy a property in Devon and set up a business servicing the high end of that market was a big risk.
Now she has a chateau in France as well.
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Tim Weller – Incisive Media
13 Good Years
20 January 2010

Tim’s story over 3 decades. Finance and deals in the UK and USA. The numbers grow as you go down the map.
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Osman Kent
Songphonic & Endeavors Technologies
3D Musical Entrepreneur

10 November 2010

A business road movie from musician, to 3D graphics, back to on-line music and now cloud applications. He shared five important lessons in his speech. These were expanded in the question and answer session.


Judy Piatkus – A Life in Publishing

13 October 2010
Two publishing businesses and now a new opportunity in the mobile sector. What happened along the way? How did diligence both in the business and the process of selling the businesses plus a bit of luck enable Judy to have a rewarding life both in business and personally.
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René Rechtman – Trade Doubler & GoViral

15 September 2010
Two start ups, both Internet companies, amazing founders, business changing products, growing rapidly and lots of learning for the next business. The questions and answer give insights into the future of business.
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Drayton Bird – Drayton Bird Associates

4 August 2010

Drayton is a professional mistake maker. Some mistakes have been a disaster leading to bankruptcy and leading a secret life for seven years with a pseudonym! Others were less distressing, unless it was your wig. Drayton shared his mistakes and the lessons learned during the life of a copywriter. The speech is also available as an mp3 download.

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Neil Stewart – Neil Stewart Associates

7 July 2010

“Politics is my Business” and How I made a business with politicians and Can political behaviour translate to business. At least three ways to view this speech and subsequent discussion. Check out Neil’s influencers, views on politics and his business.


Simon Webster – Search Fund Association

10 June 2010

This event falls in to three sections:

  • The Search Fund Process
  • Simon’s experience of using a search fund
  • Questions from the audience and Simon’s answer
Click on the map to get the full picture.

Lena Björck – Inn or Out

21 April 2010

Focusing on customer service and maintaining a price premium over your competitors leads to clients such as The Queen!

Click on the map to raise your awareness of how Lena made this work.


Frances Dickens – Astus

17 March 2010
A simple proposition: pay us with your goods or services for advertising and media. But not for the venture capitalists but it is working very well for a private investor.
Astus turns down more work business than it takes. It’s a team business without individual bonuses but with regular parties and flexible working.

Martin Perry and Chris Wilks – Sondex

10 February 2010
A business called Sondex gradually realised they needed a management team. Martin and Chris joined. Sondex went through several stages of financing before being sold to GE Energy. For an overview of this journey and the audience questions and answers, click on the map

Janette Faherty – Avanta

9th December 2009
A journey from the depravation of North West England to leading a £50m company providing training to government and other organisations.
On the way Janette has lost contracts, relocated her employees, expanded her management team, products and locations. During all this change she has maintained her values and kept in close contact with all her staff.
There were a few important lessons on route: cash matters, delegate & develop excellent people.

Daniel Doulton – SpinVox

11th November 2009
A frustration turned into a brilliant idea for mobile phone users – voice mails converted to text. Daniel’s product is penetrating the market of 2 Billion users of mobile phones via the networks which have embedded it into their service.
He recommends working backwards from the user to the solution.
SpinVox are now considering how they can grow their business.

Elizabeth Jackson – Great Guns Marketing

8th July 2009
A story which takes us from academic oblivion to being recognised as a talented employee and given responsibility. Then on to starting her own business and a life changing illness.
Elizabeth does not like nearly people. She likes people who say they will do something and get it done. Her attitude has pushed her blindness to one side and put her on the podium with Donald Trump, Anita Roddick and others.

William Reeve – LOVEFiLM

10th June 2009
William transits from McKinsey to establishing a subscription based business on the internet. He started ScreenSelect which eventually merged with LOVEFiLM. Interesting thoughts about customers:
  • Focus on a farm not a few elephants
  • Get those small deals
  • Some supermarkets are wonderful

Ehud Furman – Look Up Page

14th May 2009
A journey from Israel through DealTime to Shopping.com to selling to eBay. Then starting LookUpPage an on-line CV service which promises high visibility on the search engines.
Ehud explains the courtship between them and eBay, and how all a whole combination of things led to a sale after a disappointing start.

Uzair Bawany CEO Contact Recruitment

22nd April 2009
Uzair specialising in recruiting in the Banking and Technology sectors. They have offices in London, India and Singapore. The credit crunch required a quick reaction from them reducing from 110 to 37 employees. His keys to survival are looking at costs, having a strategy and getting the right people.

John Viney – The Zygos Partnership

18th March 2009
John describes how an education in Astro-Physics and Music results in a career in headhunting and investing. He has both property and start up business portfolios. He sees himself as a good archangel coordinating investors and taking an active interest in the new businesses.

Simon Campbell CEO ViaPost

25th February 2009
Simon presents the background to ViaPost (sending letters in the post / mail from your PC), the lessons learned and answers questions on entrepreneurship.
  • They outsourced IT and then insourced it.
  • They have a wide spread of small investors.
  • They promote the business personally.
  • They have learned to trust their guts.