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The Cornell Law School Business Law Society and the Jack G. Clarke Institute for the Study and Practice of Business Law welcomed Robert B. Diener JD '82 and David S. Litman AB '79, JD '82; co-founders of the Hotel Reservations Network which became Hotels.com.
Mr. Diener and Mr. Litman discussed their philosophy on "conservative entrepreneurship," their new business venture Getaroom.com, and how they constructed one of the largest specialized providers of lodging in the world, starting from the ground up while they were students at Cornell Law School.
Begun with an initial investment of $1,200, Hotels.com grew into a primary source of discount accommodations on the Internet. When Mr. Diener and Mr. Litman sold the remaining public portion of the company to InterActiveCorp, Hotels.com was valued at over $5.5 billion.