Taylor Soper
Previous Zillow CEO Spencer Rascoff. ( CommunityPhoto / Kevin Lisota)
Former Zillow Team CEO Spencer Rascoff resigned from the Seattle-based mostly actual estate company’s board on Tuesday. The move will come just in excess of a calendar year due to the fact Rascoff stepped down as Zillow’s CEO.
“Mr. Rascoff’s departure is not due to any disagreement with the Organization on any make any difference relating to the Company’s operations, guidelines, or methods,” Zillow mentioned in an SEC submitting.
Rascoff held positions at Zillow as CMO, CFO, and COO prior to getting chief government. During his 9-year tenure as CEO, Rascoff led Zillow through an IPO as the firm grew from 200 to additional than 4,000 workers. Once-a-year earnings elevated from $30 million to $1.3 billion though Zillow acquired 15 providers such as Trulia, Home loan Creditors of The united states, StreetEasy, Hotpads, and Bare Residences. Rascoff joined the Zillow board in 2011.
Since leaving Zillow very last calendar year, Rascoff has been active investing in startups and helping lead dot.LA, a new media undertaking he co-launched in January.
About a calendar year just after retiring as its CEO, I’ve just stepped off the board of directors of @ZillowGroup $ZG $Z. Am now focused on my angel investing and the startups I’m producing (two so considerably — @dotLA and a stealth NewCo – and more to arrive).
— Spencer Rascoff (@spencerrascoff) April 7, 2020
Will stay endlessly proud of the products and solutions we built, the manufacturers in the @ZillowGroup household (@zillow @trulia @streeteasy @hotpads and far more), the company tradition, the mission, and the extraordinary staff members at Zillow. #ZGLife
— Spencer Rascoff (@spencerrascoff) April 7, 2020
Abundant Barton, who co-launched Zillow in 2005 with Rascoff and Lloyd Frink, changed Rascoff as CEO, a title he held through the company’s initial five yrs.
Deep gratitude to @spencerrascoff for your blood, sweat and tears in helping to create Zillow Team from our earliest times and serving on the board given that 2011. Wishing you wonderful achievements in your new pursuits. https://t.co/KRoGvApFZU
— Prosperous Barton (@Loaded_Barton) April 7, 2020
The serious estate market is using a strike as demand dips due to the COVID-19 crisis. Barton outlined Zillow’s coronavirus playbook last month, noting that it will slash costs by 25% this yr, freeze choosing throughout the business, cut almost all internet marketing expend, and suspend dwelling-getting via its Zillow Gives company.
