Instinct's founder highlights travel dominance and expansion plans

Instinct's founder, Noah Shinn, revealed that over 50% of transactions on the platform are travel-related, emphasizing the platform's focus on streamlining the booking process. In a recent podcast, Shinn also noted that the invite-only platform is nearing a billion-dollar annual transaction volume, though he did not specify the calculation method. Shinn highlighted the platform's daily growth rate of 10%, with transaction volume increasing at a similar pace. He also discussed the company's ambitions to reinvent restaurant reservations, offering preferential treatment for special occasions. Recently, Instinct raised $1 billion in Series C funding at a $10 billion valuation, competing with Meta's Muse and Khosla-backed Wajo in the personal agent space.