It's no longer surprising to see new entrants in the corporate travel space pull down big investments. Funding announcements for brand new and somewhat new players seem to come weekly. Still, the latest investment in TripActions was eye-popping. VC firm Andreessen Horowitz last week announced a $154 million, Series C investment at a $1 billion valuation.
The TripActions story so far is about aggressive marketing, slick user-facing technology, a perception that traditional competitors move too slowly and an impressive early sales trajectory. Positioned as a TMC and booking tool all in one, TripActions appears to be . . .