Be ready for rejection if you’re an aspiring entrepreneur – Hotel Data Cloud’s Gregor Amon

Be ready for rejection if you’re an aspiring entrepreneur – Hotel Data Cloud’s Gregor Amon

Gregor Amon is no stranger to entrepreneurship - he left his financially stable job as a pilot 10 years ago to pursue his ambitions of being his own boss.

Today, multiple businesses later, he's the co-founder of Hotel Data Cloud (HDC), one of the few travel-tech startups that has prospered during the Covid-19 pandemic and has been recognised by the United Nations and Dubai Tourism as a solution for restarting tourism.

His secret to navigating the pandemic? A successful pivot.

"I think the secret to a successful pivot is to be very agile, you need to be on the tip of your toes, to see where the market is leading“, he says.

But even with a successful pivot there is one major concern that Amon identifies as critical above all else: "Extending the (financial) runway as much as possible. As a startup you always have to be cash richer, [more] than you expect. The runway is always going to last shorter than you hope and anticipate for.“

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With under 50 per cent of startups surviving to their fifth year, the pandemic was the final nail in the coffin for many new ventures, accelerating their demise. Even