HomeAway, the massive vacation home rental service rollup, is ramping towards an IPO, likely in 2011, say sources close to the company. And that shouldn’t be any surprise, given the two key executive hires the company announced today – new chief product officer Tom Hale (previously CPO at Linden Labs) and chief operating officer Brent Bellm (previously PayPal, and in need of a vowel for his last name).
A year and a half ago the company was valued at $1.4 billion after a $250 million round of financing. Revenue at the time was around $150 million, we heard. Now revenue is more like $200 million/year, with $70 million or so in pure profit. This thing, in short, is throwing off cash, and lots of it.
HomeAway, Inc., based in Austin, Texas, represents more than 540,000 paid vacation rental home listings throughout 120 countries, and connects homeowners and property managers with the millions of travelers seeking alternatives to hotels. HomeAway offers an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, including more room to relax and added privacy, for less than the cost of traditional accommodations. The company also makes it easy for vacation rental...
Seattle, WA
San Diego, CA
Menlo Park, CA
Boston, MA
Berlin, Germany
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