Spencer Rascoff

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Spencer Rascoff (born October 24, 1975) is an entrepreneur and businessman. He was the co-founder and former chief executive officer of Zillow Group, and one of the co-founders of Hotwire.com. Rascoff is on the board of directors of Palantir. Rascoff was a Visiting Executive Professor at Harvard Business School where he co-created and co-taught the “Managing Tech Ventures” course.[1]

Early life and education[edit]

Rascoff was born to Jane and Joseph Rascoff. His father was a business manager and tour producer for numerous well known musicians including The Rolling Stones, U2, and Paul Simon.[2] Rascoff grew up in New York and then Los Angeles, where he attended Harvard-Westlake. He received a degree in 1997 from Harvard University.[3]

Career[edit]

After graduating from college, Rascoff worked as a private equity investor at TPG Capital and as an investment banker at Goldman Sachs.[citation needed]

Hotwire.com[edit]

In 1999, at the age of 24, Rascoff co-founded Hotwire.com, a leading Internet travel company, which a few years later was sold to InterActiveCorp for $685 million. Rascoff then served as vice president of lodging for Expedia before leaving to co-found Zillow.[4]

Zillow[edit]

Rascoff served various roles through the years including chief operating officer, chief financial officer, and VP of Marketing until his appointment to CEO in 2010.[5] As CEO, Rascoff led Zillow through its 2011 IPO and 15 acquisitions. In 2017, Rascoff was named "The Most Powerful Person in Residential Real Estate" by the Swanepoel Power 200.[6] Rascoff stepped down as CEO in February 2019.[7] In April 2020, Rascoff resigned from Zillow's board of directors.[8][9]

dot.la[edit]

In January 2020, Rascoff co-founded dot.la, a news site for the California tech startup industry.[10]

Pacaso[edit]

In October 2020, Rascoff co-founded Pacaso with Austin Allison. Pacaso labels itself as a real estate platform that makes second home ownership more accessible through shared ownership.[11] Pacaso has been described by some as an alternative take on the timeshare model of property ownership.[12][13][14]

Other projects[edit]

In 2015, he co-wrote and published his first book, “Zillow Talk: Rewriting the Rules of Real Estate.”[15]

References[edit]

  1. ^ Kuhlman, Cara (9 Jul 2020). "Tech Moves: Zillow co-founder joins Palantir board; Hootsuite names new CEO; and more". GeekWire. GeekWire, LLC. Retrieved 12 Nov 2020.
  2. ^ Sandomir, Richard (11 April 2017). "Joseph Rascoff, Who Had Rolling Stones' Tours Under His Thumb, Dies at 71". The New York Times.
  3. ^ "Hr97 5th Reunion".
  4. ^ Marino, Vivian (21 October 2014). "Spencer Rascoff". The New York Times.
  5. ^ "About Us".
  6. ^ Stiles, Marc (Jan 9, 2017). "Report names Zillow CEO the most powerful person in real estate". Puget Sound Business Journal.
  7. ^ Salinas, Sara (2019-02-21). "Zillow CEO Spencer Rascoff is out — co-founder Rich Barton is taking over". CNBC. Retrieved 2020-04-08.
  8. ^ "Spencer Rascoff Leaves Zillow Board - The Real Deal". The Real Deal New York. 2020-04-07. Retrieved 2020-04-08.
  9. ^ "Spencer Rascoff departs Zillow Group board, 1 year after stepping down as CEO". GeekWire. 2020-04-07. Retrieved 2020-04-08.
  10. ^ Schlosser, Kurt (9 Jan 2020). "Former Zillow CEO Spencer Rascoff launches dot.LA, a news site for Southern California tech". GeekWire. GeekWire, LLC. Retrieved 12 Nov 2020.
  11. ^ Parker, Will (October 2020). "WSJ News Exclusive | as Pandemic Boosts Suburban-Home Demand, Startup Sells a New Ownership Model". Wall Street Journal.
  12. ^ Rosalsky, Greg (24 August 2021). "A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back". NPR. Retrieved 2021-08-25.
  13. ^ Duarte, Jesse. "Home co-ownership company sues St. Helena in dispute over definition of timeshare". Napa Valley Register. Retrieved 2021-08-25.
  14. ^ Journal, Will Parker | Photographs by Rachel Bujalski for The Wall Street (2021-06-20). "Napa Valley Feud Pits Real-Estate Startup Against Homeowners". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-08-25.
  15. ^ "Advice, How-To & Miscellaneous Books - Best Sellers - February 22, 2015 - The New York Times". Retrieved 2018-03-15.