TeamOut

Company Overview

TeamOut is a B2B company primarily focused on providing a platform for property owners to list their venues for hosting corporate retreats. Based in Los Angeles, CA, USA, TeamOut also operates remotely. The company launched in February 2022 and was part of Y Combinator's W22 batch. TeamOut's platform allows team managers to plan retreats efficiently by offering accessible and high-quality venues.

Services

TeamOut offers a free listing service for venue owners to reach thousands of corporate clients. The platform simplifies the process of creating a venue listing, claiming it can be completed in as little as 10 minutes. Attributes such as high-speed, reliable WiFi, onsite meeting rooms, and catering options are ensured. Additional features include the ability to book venues 3-6+ months in advance with robust cancellation policies, a Flight Estimator, and a Budget Estimator tool.

Platform Features

The TeamOut platform accommodates a variety of properties such as hotels, ranches, retreat centers, resorts, glamping sites, and large villas. Each property must have at least 20 single-occupancy bedrooms and be within a 1.5-hour drive from a major airport. It guarantees fast, reliable, and secure WiFi with a minimum speed of 100Mb. The platform also offers exclusive venue buyouts for corporate clients to ensure privacy and dedicated use.

Booking and Earnings

According to TeamOut, 99% of retreat bookings occur on weekdays and typically include room accommodations, food and beverage services, and meeting spaces. Hosts are highlighted as being able to earn up to $208,775 per booking. Bookings are typically secured 3-6+ months in advance, which eliminates last-minute cancellations and allows for detailed planning and preparation.

Industry and Target Market

TeamOut serves the B2B market, specifically targeting corporate retreats. Its services span various regions, including the United States, America/Canada, and remote locations. The company aims to create an online marketplace that makes it easy for corporate teams to find, book, and enjoy venues for their retreats, thereby fulfilling a niche requirement within the corporate event planning industry.

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