News from Travel Technology Update: Susan Black's assessment of the opportunities for travel start-ups to obtain outside investment is blunt: "It's dismal." Black, a travel industry veteran who serves as senior adviser for the industry at Chimney Rock Capital Partners, said venture capital and private equity firms that already have invested in travel start-ups are currently vetting their portfolios and "deciding who shall live and who shall die." The money hasn't completely dried up, but it ...

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