Evan Frank always wanted to be an entrepreneur. His business sense was honed from kindergarten when he crafted a number of books which he then sold to the class teacher at a profit. He was a participant in the dotcom boom during his youth and consequently suffered when the bubble burst. Fazed, he worked as an employee in a company specializing in investment banking.
Frank relocated to London to join Kennet Partners in 2005. The intention to move to Europe was not money alone. He wanted to progress in his career and also have fun in the way. The job enabled him to meet a large swathe of entrepreneurs. Since he has a banker's mind and an entrepreneurial DNA, he could quickly grasp the nitty-gritty of start-up financing. His decision to turn to entrepreneurship came when he realized that he was never happy with the VC work. He realized that he must start a company and the outcome was BOX. The latter sold men's underwear, socks, and shirts. He wanted to make a brand out of the products and failed. The business was then shut down.
Frank then talked to Greg Marschm, an investor involved with Index Ventures. He then progressed to more ambitious ventures like onefinestay. He co-founded the company and ultimately became the CEO. The next seven years after joining will witness Frank scaling up the company, flitting from one part of the world to another. He headed the company's US sales, targeting Los Angeles and New York City as vital markets. He wanted to bring high standards and also branding to what was then a disorganized industry of urban vacation rentals.
Onefinestay raised about $81 million, as per Crunchbase, after multiple venture capital rounds. Frank said that although the company scaled swiftly, it never became profitable. The capital markets always supported it. AccorHotels bought the company for $170 million in 2016. Frank was a CEO after the acquisition for a one-year period so that the transition could be a smooth one.
Frank then became the CEO of Context Travel, a company whose product is highly researched travel in cities all over the world. Context Travel was a company bootstrapped by Lani Bevacqua and Paul Bennett, its founders. The 14-year-old business raised about five million dollars through private equity finding in September 2017. The money was provided by Active Partners.