Instinct founder said more than 50% of transactions on the platform are travel-related

Instinct founder Noah Shinn revealed that more than half of transactions on the invite-only platform are for travel, during a recent podcast interview. Shinn discussed the platform's rapid growth, stating that it is approaching $1 billion in annual transactions. He explained that the platform unifies various hotel chains, airlines, and services, providing a better user experience compared to traditional travel agencies or websites.

Shinn mentioned that the platform is growing at a rate of 10% day-by-day, with transaction volume increasing at a similar pace. He also highlighted how the agent can check restaurant sites every five seconds and notify users about available slots for reservations. Shinn expressed his vision of reinventing reservations, focusing on catering to special occasions and high-profile clients, rather than simply serving the local community.

The company recently secured $1 billion in Series C funding at a $10 billion valuation from top investors, positioning Instinct against competitors such as Meta's Muse and Khosla-backed Wajo in the personal agent space.