The Foundr Podcast with Nathan Chan

535: How a Former Lawyer Built a $450M Global Travel Brand | Adam Schwab [VIDEO]

Oct 25, 2024
Adam Schwab, founder and CEO of Luxury Escapes, shares his transformational journey from lawyer to entrepreneur. He discusses the critical pivots that sparked the growth of his travel brand, including strategic acquisitions and overcoming early challenges. Adam reflects on navigating the travel industry during the COVID-19 crisis, emphasizing resilience and innovation. He also delves into building customer loyalty through tech-driven solutions and sustaining success amid competition, providing invaluable lessons for aspiring founders.
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ANECDOTE

Backpacker Apartments

  • Adam Schwab and Jeremy Same started a backpacker apartments business in 2004, furnishing apartments with secondhand furniture.
  • They learned about seasonality, bed bugs, and other unexpected challenges.
ANECDOTE

Pivot to Corporate Apartments

  • The rental market tightened, forcing a pivot to corporate apartments.
  • They later sold properties, making a million dollars, and started an e-commerce business called Zupon (a Groupon clone).
ANECDOTE

Zupon and Scoopon

  • Zupon, inspired by Scoopon, faced a lawsuit over a similar brand name, DealScoop.
  • They changed the name to Deals.com and continued.
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