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The Venture Codex

UAV

233 S Wacker Dr, Chicago, IL, 60606, United States

Overview

United Airlines and United Express operate an average of 5,341 flights a day to more than 360 airports across six continents. In 2012, United and United Express carried more passenger traffic than any other airline in the world and operated nearly two million flights carrying 140 million customers. United is investing in upgrading its onboard products and now offers more flat-bed seats in its premium cabins and more extra-legroom economy-class seating than any airline in North America. In 2013, United became the first U.S.-based international carrier to offer satellite-based Wi-Fi on long-haul overseas routes. The airline also features DIRECTV® on 200 aircraft, offering customers more live television access than any other airline in the world. United operates nearly 700 mainline aircraft and has made large-scale investments in its fleet. In 2013, United will continue to modernize its fleet by taking delivery of more than two dozen new Boeing aircraft. The company expanded its industry-leading global route network in 2012, launching nine new international and 18 new domestic routes. Business Traveler magazine awarded United Best Airline for North American Travel for 2012, and readers of Global Traveler magazine have voted United’s MileagePlus program the best frequent flyer program for nine consecutive years. According to the 4th annual Switchfly Reward Seat Availability Survey published by IdeaWorksCompany in May 2013, United has the most saver-style award-seat availability among the largest U.S. global airlines. More than 85,000 United employees reside in every U.S. state and in countries around the world.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
9

Sector focus

  • Hospitality
  • In-Flight Entertainment
  • Service Industry
  • Transportation
  • Travel
Visit website

Investment portfolio

  • Decagon

    Participated · Seed · Aug 2021

    Founded in 2018, Decagon operates a six-month software-engineering program that selects candidates strictly on merit and finances their tuition through an income-sharing model or a bank-backed loan. The roughly ₦2 million (~$4,000) tuition can be covered up-front by students or via a Pay-After-Learning plan that bundles laptops, accommodation, internet, meals and a stipend, with repayment of ₦3 million (~$6,000) over three years after employment. Demand for the program is enormous—more than 80,000 applications—but only 440 candidates (0.55%) have been accepted to date. Decagon boasts a 100 % job-placement rate for graduates, a 100 % loan-repayment record, and a 410 % average post-training salary increase. The company positions itself at the intersection of edtech, fintech and the future of work, tackling the global under-representation of Black tech talent starting with Nigeria. It plans to use new capital to scale cohort sizes, expand remote job placements, and raise female participation from 25 % to 50 % over the next three years. Management claims Decagon is already profitable and growing revenue at roughly 500 % per year.

Team

  • Scott Kirby

    Chief Executive Officer

    LinkedIn
  • Walter Varney

    Founder

  • Bruce H. Jewett

    B777 Captain

    LinkedIn
  • Luc Bondar

    President - MileagePlus, Vice President - Marketing & Loyalty

    LinkedIn