After spending approximately 10 years as co-founder, Chairman and CEO of Trulia, Pete is now on the Board of Zillow Group after Trulia was acquired by Zillow for $3.5Bn. Together Zillow and Trulia have incredible, scale, talent and resources and it's going to be a very exciting next few years ahead for all the brands within Zillow Group.
Pete is an angel investor, advisor and board member to a number of marketplace and technology businesses. As a product guy at heart he's focuses on how to build compelling and unique experiences at scale.
Trulia is one of the most popular and pioneering real estate web and mobile apps in the US. Pete started Trulia to revolutionize the real estate experience by empowering consumers to make better decisions. Pete raised $33M from leading venture capital such as Sequoia and Accel and built a leading mobile app in the category and then had a successful IPO. Trulia delivers the unique and essential information to help millions of consumers find their home as well as highly sought-after tools for real estate professionals.
Pete is a frequent speaker at Internet, Entrepreneurship, Technology and Real Estate conferences and regular appearances on CNBC, FOX, Bloomberg, WSJ, NYTimes. and a guest lecturer at Stanford's Graduate School of Business and Oxford's Said Business School.
His professional passion: "Solving big, meaningful problems with teams of talented people".
Previously spent 5 years as a founding team member and Head of Global Business Development at lastminute.com. His role focused on many parts of the business including marketing, BD, distribution partnerships and corporate development. By the early 2000's lastminute.com had become Europe's largest online travel company with >2000 employees, >$1bn transactions and operations in 12 countries. Acquired in May 2005 by Travelocity (Sabre Holdings) for $1.1bn in cash.
Stanford MBA, Class of 2005. Undergraduate and Masters degree in Physics from Oxford (Magdalen College).
Excited to work with a great group of people that are focusing on using technology to improve the real estate industry for everyone for many years to come.
Zillow Group (NASDAQ:Z) houses a portfolio of the largest real estate and home-related brands on the Web and mobile. The company’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. Zillow Group is committed to empowering consumers with unparalleled data, inspiration and knowledge around homes, and connecting them with the right local professionals to help. The Zillow Group portfolio of consumer brands includes real estate and rental marketplaces Zillow®, Trulia®, StreetEasy® and HotPads®. In addition, Zillow Group works with tens of thousands of real estate agents, lenders and rental professionals, helping them maximize business opportunities and connect to millions of consumers. The company operates a number of brands for real estate, rental and mortgage professionals, including Postlets®, Mortech®, Diverse Solutions®, Market Leader®, ActiveRain® and Retsly™. The company is headquartered in Seattle.
I'm currently spending the majority of my time investing and advising disruptive technology companies sharing my experiences, hopefully offering helpful advice and sharing lessons learnt from my mistakes with some incredible entrepreneurs, executives and founders. I find it immensely rewarding.
New Story Charity (www.newstorycharity.org), is a technology enabled platform focused on eliminating homelessness by building sustainable communities around the world. New Story Charity is a YC S15 non-profit.
Leading online real estate web and mobile app - transforming real estate for consumers and professionals. Founded in 2005 Raised $33M in VC from Accel Partners and Sequoia Capital. IPO Sept 2012, NYSE:TRLA. Scaled to >50M Monthly Unique users, >$250M annual revenue & >1000 employees in 2014. Acquired by Zillow in July 2014 for $3.5Bn, closed Feb 2015.
A key member of the Senior Management team that built the company from a business plan to a $1bn+ profitable Public company with operations in 12 countries. Last role was Head of Global Business Development.
Marketing and Customer Acquisition Initiated, negotiated and managed over 100 online marketing partnerships (AOL, Yahoo, MSN etc.). Set up affiliate, email and viral programs that were critical to building Europes most recognized online commerce brand. Advised launch strategies and mentored marketing and business development teams in new country launches all across Europe. Acquired over 7m email subscribers.
Leadership and Operational Experience Managed German office with staff of 35, restructured operations Speaker at numerous industry conferences.
Transaction Experience Worked closely with the CFO to prepare prospectus and filing for successful IPO Evaluated potential acquisitions and joint ventures.
New Product Development Launched commercial sales, gift products, mobile and digital TV services
Joint venture between BT and News International to form an early UK version of AOL with content from News Corp brands and access from British Telecom. My role was to commercialize the platform and I was responsible for building our own e-commerce platform and recruiting 3rd party retailers.
Lead author of the only annual TRENDS Report in the residential real estate brokerage that provides a comprehensive and objective analysis of the most important trends that shape the business and the home buying/selling transaction. (Aimed at decision makers, franchise owners, brokerage company owners, bank/mortgage company executives, title company executives and association and MLS executives)
A preview of what LinkedIn members have to say about Pete:
Pete sets the bar high for outstanding CEOs. He takes time to get to know his employees and the end result is a highly dedicated work force that feels personally invested in the company. Pete is never shy about welcoming new hires and makes himself available to answer questions. I have always admired Pete’s ability to make new folks feel welcomed and part of the family. He is truly a leader and entrepreneur at heart.
Pete's natural drive and focus as a leader makes he one of the most admirable entrepreneurs I've had the privilege to know. He is a voracious reader and has an amazing ability to digest vast amount of knowledge in a short amount of time, and then provide his own unique insight. Moreover, he values the skills and intelligence of his team and knows how to surround himself with talented managers. When my responsibilities suddenly grew while my manager was on leave, Pete consistently reached out to ensure that our team had the internal support it needed and gave us the recognition to keep us motivated. Personally, Pete has been a great friend and mentor, who's perspective I will always value.