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Motivated by the challenge of making a simple dinner reservation over the phone, Templeton hypothesized that in addition to offering a reservation platform, a successful online intermediary would have to solve the problem of restaurant-seating management.
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Amtrak has an established national network that includes an extensive reservation platform, mature relationships with the freight railroads and decades of demonstrated compliance with complex federal rail safety and other laws.
Some of the firm's newest bets, for example, include Tock, a Chicago-based reservation platform that has OpenTable in its sights.
Operating under the LaFourchette brand in French, Eltenedor in Spanish and 'TheFork' in English, the Paris-headquartered company offers an online and mobile reservation platform for restaurants in France, Spain and Switzerland, claiming a network of more than 12,000 restaurant partners.
The UK startup BookingBug, which provides an online booking and reservation platform for businesses — SMEs right up to larger enterprise outfits — has raised a further $1 million in funding.
Yahoo Japan, the joint venture between SoftBank and Yahoo, has launched a bid to buy Ikyu, a popular online travel and restaurant reservation platform in Japan, for around $830 million.
He pointed to the difference between the number of restaurants on OpenTable compared to Airbnb's partner Resy, which has a more limited but selective restaurant reservation platform.
OpenTable is the main real-time reservation platform for restaurants, but it's an old incumbent and there is plenty of opportunity out there.
In Matchmakers, Schmalensee and Evans explain why dining reservation platform OpenTable does this, while Apply Pay doesn't.
Restaurant reservation platform OpenTable also chose AdMob to promote its Android app.
Quandoo An online reservation platform $25M / Series C with 5 other investors.
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