That was the assessment of Lopo Champalimaud, now chief executive and co-founder of health and beauty site Wahanda and former Lastminute managing director of European lifestyle. He told a Travolution Summit session on innovation that he had spoken recently to Lastminute co-founder Brent Hoberman and laughed about the missed opportunity. During the original dot com bubble Lastminute had a database of 15 million emails, and was the largest source of restaurant and hotel deals, Champalimaud said. “At the heart you have to put a culture of innovation in a business and a culture of development. At Lastminute we were a few steps away from having Groupon,” he said. But he added the reason the chance was let slip was because “we lost that culture of innovation and development”. Get the full story at Travolution