Tyler Carrico helped build Thayer Ventures' approach of taking software from outside the travel industry and finding ways to grow it specifically within hotels and travel companies, often starting with a small investment before committing more once his team has helped the company through industry connections. He also pays close attention to why hotel owners and operators don't always use new technology the same way, working to connect them with the right tools, and he tends to stay closely involved with companies after investing, taking on board and advisory roles at several of them.
About their Fund
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Transportation, Proptech, SaaS, Enterprise, Marketplaces
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Thayer Ventures has focused only on travel technology since 2008, making it the only firm named in all four editions of PhocusWire's travel-tech investor rankings and ranking #1 three years in a row, while defining "travel" broadly enough to include payments, cybersecurity, and workforce-management companies as long as they connect to travel operations. Beyond providing funding, its team works to help portfolio companies land partnerships, has taken a company public through its own SPAC merger, and recently broadened into Thayer Investment Partners, a platform that also runs the Derive Ventures strategy across travel, hospitality, and real estate.
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