Sam Altman, CEO of Loopt, discussed how Virgin America used a flash deal through Loopt to sell plane tickets to Mexico. The flash deal was only available for 4 hours in 4 cities and was heavily promoted on social media and through direct outreach. It resulted in 1,300 people attending a taco truck event in San Francisco and was one of Virgin America's highest revenue days ever. Altman explained how Loopt can help companies do "flash deals" with local hyper-targeted reach and time-limited, location-based offerings to drive local customers who are ready to purchase. Loopt planned to do more flash deals through a "Rewards Wagon" moving around Austin during SXSW offering limited-time