Sequoia Capital:

Paul and Steve

Sometimes it’s never too late to join a crowded market. Just ask Paul English and Steve Hafner, who today announced an agreement to sell Kayak to Priceline for about $1.8 billion.

Today, Kayak’s promise of ‘One and Done’ is well known as befits a company that fielded 600 million…

Good advice regarding why you shouldn’t simply dismiss latecomers. Sure, some will be also-rans. Others will be irresistible for having so vastly improved what has come before.