In 2014, I found myself in a conference room, kicking through water. I was a VC at the time, and the water pipe in our conference room had sprung a leak. When the team attempted to relocate our meetings to nearby hotels, we learned the hard way just how painful–and manual–the process was.
At the time, the only technology companies serving the meetings and events industry were “form-pushers”– requiring customers to fill out a form which was then sent to venues/vendors, kicking off a lengthy exchange of response forms, proposals, contracts, and countless emails.
That process caused stubborn problems across the industry: Venues were wasting billions per year replying to RFPs with a very low conversion rate, customers were wasting their time and paying too-high prices, and everyone involved suffered due to overall inefficiency.
The process needed to change. And so, Bizly was born.