Video: CB Insights Says Big Brands Ignore Travel Startups at Their Own Peril


Skift Take

Most startups fail, as Anand Sanwal of CB Insights points out, and sounding pessimistic can sometimes sound smart. But big companies should ignore them at their peril because, as he says, "They're not coming for your basis points, they're coming for your commas."

The travel industry will change more in the next five years than it has in the past 50. That's the view of Anand Sanwal, co-Founder and CEO of CB Insights, a New York City-based venture capital and investment data firm. Sanwal spoke at the Skift Global Forum in September in New York City. Sanwal showed attendees a quote from Hilton Worldwide CEO Chris Nassetta, who had said he "doesn't buy"