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Crowdsourced Flight Finder FlightFox Grabs $800K In Angel Funding, Joins YC’s Latest Batch

Crowdsourced Flight Finder FlightFox Grabs $800K In Angel Funding, Joins YC’s Latest Batch

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Published by: Crowdsourcing.org on Jun 04, 2012
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05/13/2014

 
Crowdsourced Flight Finder FlightFox Grabs
$800K In Angel Funding, Joins YC’s Latest
Batch
Tuesday, May 29th, 2012
Australian travel search 
 has anew take on how to surface the best airlinedeals, and now it has a round of angelfunding and entry into top startup incubator Y Combinator, to go along with it. Thecompany has just closed an $800,000 round of funding from YC, 500 Startups,Kevin Laws (board member at AngelList), Matt Dickinson (early investor in Ark),Mick Liubinskas (from Pollenizer), and others.As for what makes FlightFox unique? Instead of developing algorithms to return alist of flights to choose from, the company taps into the power of crowdsourcinginstead.On FlightFox, users begin by creating a contest for the trip they want to take,sharing details pertaining to destinations, duration, and price to beat (comingsoon), for example. But travelers can also add more specific details and requests in
the “additional information” section of the contest creation screen to narrow their 
requirements further.
Users then assign a “finder’s fee” to the contest which is awarded to whichever 
FlightFox expert finds them the best deal on the best flight. These experts, or flight
hackers as they’re called, are a mixed group, consisting primarily of frequent
flyers, but also including around 5%-
10% travel agents. They’re folks that know
all the ins and outs of airline travel, from details like seat size and entertainmentselections, in addition to how to carve out the best deals and maximize yourfrequent flyer miles.
 
 Explains FlightFox co-founder 
 expert frequent flyers arealready sharing their knowledge for free on online forums like 
 , forexample
 – 
a site that boasts some 400,000 members. FlightFox simply allows themto earn a little extra money on the side.
The finder’s fee is set by the traveller, and is still something of a work in progress.
The site is testing several different fees, ranging from $19-$39, currently. Thecontest format is like a reverse of the eBay model, McLeod explains, as whichever

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