Venture capitalist Bill Gurley, who has served on the board of Seattle-based online real estate juggernaut Zillow Group for 10 years, will resign from the board tomorrow.
A filing with the SEC indicates that the departure of Gurley — a partner at Benchmark — is not “due to any disagreement with the company on any matter relating to the company’s operations, policies, or practices.”
It is customary for venture capitalists to transition off boards of public companies, opening room for them to assume board seats at younger companies. Zillow went public in the summer of 2011.
Gurley is one of Silicon Valley’s top venture capitalists, and he’s been discussing in recent months the possibility of a tech bubble popping. His investments include Uber, NextDoor and SailThru.
Earlier this week, The Wall Street Journal reported that Gurley departed the board of food delivery company GrubHub, which is increasingly starting to compete with Uber, the high-profile ride-hailing service where Gurley retains a board seat. In the WSJ story, Gurley said the departure from GrubHub was part of a “normal VC life cycle.”
With the departure from the Zillow board, the company now has nine directors. Zillow said it had nothing to announce at this time as it relates to replacing Gurley.
“Bill Gurley’s contributions to Zillow Group during his 10 year tenure on our board have been invaluable,” said executive chairman Rich Barton in a statement emailed to GeekWire. “Zillow Group would not be the company it is today without Bill’s insights, commitment, and passion. He is leaving us with a strong foundation for continued success in the years ahead.”
Barton also serves as venture partner at Benchmark.