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October 24, 2011 01:02 pm GMT
Kleiner Perkins Caufield & Byers, Crunchfund, Access Venture Partners and (randomly) Yankees first baseman Mark Teixeira have gone in on a $17.5 million round of financing for discount luxury vacation startup Inspirato. Unlike traditional contenders in the high-end vacation home space, Inspirato is able to offer steep discounts on luxury travel destinations by long-term leasing rather than owning its properties.Because of the money saved by leasing, founders Brent and Brad Handler have forgone a broker's fee per transaction and instead Inspirato profits off its one time initiation fee of $15K and a $2.5K per year maintenance cost.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/A4XVL6vXzrY/
Kleiner Perkins And Crunchfund Go In On Inspiratos Latest $17.5M Round
Kleiner Perkins Caufield & Byers, Crunchfund, Access Venture Partners and (randomly) Yankees first baseman Mark Teixeira have gone in on a $17.5 million round of financing for discount luxury vacation startup Inspirato. Unlike traditional contenders in the high-end vacation home space, Inspirato is able to offer steep discounts on luxury travel destinations by long-term leasing rather than owning its properties.Because of the money saved by leasing, founders Brent and Brad Handler have forgone a broker's fee per transaction and instead Inspirato profits off its one time initiation fee of $15K and a $2.5K per year maintenance cost.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/A4XVL6vXzrY/
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