Jason Del Rey

Recent Posts by Jason Del Rey

HotelTonight Books $45 Million Investment, Led by Hedge Fund Coatue Management

Last-minute hotel-booking service HotelTonight has landed a huge Series E funding round of $45 million to help spur geographic and staff expansion, with the hedge fund Coatue Management leading the round. GGV Capital is investing in HotelTonight for the first time, while past investors Battery Ventures, First Round Capital and Accel Partners participated, as well. This is the first lead investment for Coatue’s new fund focused on privately held technology firms, after building its name on investments in publicly traded companies. HotelTonight has now raised more than $80 million.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work