Hospitality & Tourism

Achieved an 8-figure exit

DAVID & ROSS FASTUCA
 | 
CO-FOUNDERS
Ross & David Fastuca

 

Team Members In 3 years

Figure

Exit From The Business

Major Buy-Back In 2020

2012
2013
2016
2018
2020

DAVID AND ROSS START LOCOMOTE

Cousins David and Ross Fastuca started their business, Locomote, with the goal of redefining corporate travel in Australia - a niche that had long been neglected.

FOUNDERS ATTEND THE ENTREPRENEURS' UNCONVENTION

On a whim, David and Ross decided to attend The Entourage’s signature event, Unconvention. There, they met a purpose-driven community of high-growth entrepreneurs and signed on as Members of The Entourage. Their journey in business changed forever - and for the better.

THE BUSINESS IS TRANSFORMED

With The Entourage’s ongoing support, guidance and training, Locomote has grown from a local team of 3 to a team of 140 people operating globally in just a few years. Locomote is a hugely successful app, and has won numerous accolades, including Top Digital Innovator by Smart Company and BRW Fast Starter.

DAVID AND ROSS EXIT LOCOMOTE

Travelport.com (NYSE: TVPT) acquired Locomote in 2016 for a reported 8-figure deal, and the Fastuca Cousins departed 2 years later. It was a difficult good-bye, but they had the opportunity to act as VCs and sit on the board for a number of other businesses they wanted to support and guide.

FASTUCA COUSINS BUY BACK LOCOMOTE

No industry was hit harder by the COVID-19 pandemic than travel. Ross and David took this as an opportunity to take back Locomote and continue on its original vision: to become a global household name for making business travel hassle-free.

Meet the dynamic duo in the tech, transport and travel industry who sold their business for 8 figures… then bought it back.

Starting With A Strong Vision

David and Ross Fastuca co-founded Locomote, a corporate travel app, in 2012. The cousins had a passion for entrepreneurship and business, and recognised that the corporate travel industry was a poorly serviced and neglected niche that was begging for a leader. They knew that could be them. 

The two-man, home-based business had its compelling vision, but David and Ross lacked the technical know-how and skills to turn their idea into a reality and an impactful business. They were trying to do anything and everything, and this took them further away from the vision and mission they had for Locomote - at one point, it even was operating as a digital marketing agency. They knew that something had to change.

There were so many times where we knew the business was about to collapse.

Finding Structure And Strategy With The Entourage

In 2013, David and Ross attended Unconvention, The Entourage’s signature event, and the largest and most transformational conference for entrepreneurs in Australia. 

There, they got their first taste of what it was like to be a part of a like-minded community of entrepreneurs and business owners who were also working through the highs and lows of running a business. They also got introduced to the frameworks, strategies and structures that they needed to build a scalable business that would make an impact.

I remember that feeling we got when we were there: these are our people. The community around The Entourage was just so powerful. It’s not just the content and what you learn, it’s the people you meet along the journey that make all the difference.

David and Ross became Founding Members of The Entourage’s flagship program, Accelerate (then Scalable and Saleable), and their business journey changed forever - and for the better.

The Hard Work Pays Off

Within 3 years of working with and learning from The Entourage, David and Ross fulfilled their vision, and grew Locomote into a hugely successful app that redefined corporate travel in Australia.

They grew their team of 3 to a global team of 140 people in a period of 5 years, and started to gain industry-wide recognition with numerous accolades and awards, including: Smart Company’s Top Digital Innovator and Top 5 Fastest Growing Companies, Hot 30 Under 30, and BRW Fast Starters. 

In 2016, David and Ross sold Locomote to Travelport.com (NYSE: TVPT) for an 8-figure deal, and completely exited the business 2 years after so they could act as VCs, sit on the board for a number of other businesses, and guide them much like they were guided by The Entourage.

However, when the corporate travel industry was decimated by the COVID-19 pandemic, David and Ross decided to return to their entrepreneurial roots and buy-back Locomote. With the Fastuca Cousins back at the helm of the business, they knew they could continue on its original vision, and become a global household name for making corporate travel hassle-free.

The Entourage gave us focus, they gave us time back, they taught us how to leverage our team to get more out of the business and grow the revenue, and a community and network who could help us grow even more - the effects of The Entourage compounded.

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