Before he got the real estate bug, Zillow CEO Spencer Rascoff was in the online travel business, co-founding and serving on the executive team of Hotwire. He’s stayed in the loop in online travel, serving on the boards of Room 77 and Switchfly.
Now, he’s putting another online travel company under his belt, this one a biggie. Rascoff has joined the board of TripAdvisor, which spun off from Expedia (Rascoff’s former employer) in December 2011 and now has a market value of $11.5 billion (more than four times bigger than Zillow).
Even more interesting, especially for those in Seattle, is that Rascoff also recently landed on the board of fast-growing daily deals site Zulily. (Guess, he couldn’t get away from “Z” companies).
No formal press release has been issued by Zulily about the appointment, but Rascoff confirmed the role in an email with GeekWire. He declined further comment.
“I have gotten to know spencer over the last few years and really respect what he has built, and I am excited to have him on the board,” said Zulily CEO Darrell Cavens in a statement.
Zulily is one of Seattle’s fastest growing companies, raising $85 million at a whopping $1 billion valuation last year. The company, which runs flash sales for baby gear, kids clothes and other products, recently announced plans to move offices from Seattle’s SoDo neighborhood to the RealNetworks HQ building near the SAM Sculpture Garden.
I spotted the Zulily board role in Rascoff’s bio in the press release issued today by TripAdvisor. TripAdvisor also announced that LinkedIn executive Deep Nishar also is joining the board.
“Both Deep and Spencer have extensive backgrounds and experience with innovative, respected web-based companies,” said TripAdvisor Stephen Kaufer in a statement. “That, coupled with their business acumen, will be a perfect complement with the other extremely talented directors advising TripAdvisor.”