Bill’s back.
Zillow Group announced Tuesday that it added famed Silicon Valley venture capitalist Bill Gurley to its board.
Gurley previously sat on the company’s board from 2005 to 2015, advising the real estate giant from its early years.
“In the 18 years since I first invested in Zillow and joined its board, it’s been incredibly rewarding to see the company grow to be a household name and category leader by delivering innovative products and services for consumers and agents,” Gurley said in a statement. “Over the next several years, I believe Zillow is going to harness its astounding brand power to continue transforming the consumer experience and real estate industry.”
Gurley has been a general partner at Benchmark for more than two decades, leading investments in budding startups that grew into behemoths such as Uber, OpenTable, StitchFix, Nextdoor, and others.
“There are few smarter tech product and marketplace strategists,” Zillow CEO Rich Barton said on X.
Zillow has been navigating a slow housing market for the past few years and a failed attempt at iBuying, which caused the company to lay off about 2,000 people in 2021.
Since abandoning its big bet on iBuying, Zillow has shifted its focus on building a “housing super app” that addresses various aspect of real estate including buying, selling, and renting.
Zillow reported $496 million in revenue for the third quarter, a 3% increase from the same period last year. The company’s stock is up more than 35% over the past 12 months.
Editor’s note: This story was updated to reflect Zillow’s stock price over the past 12 months.
