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HomeAway was a vacation rental marketplace. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. Founded in February 2005 and headquartered in Austin, Texas, the company became a publicly traded company in 2011. Expedia Group acquired HomeAway on December 15, 2015 for $3.9 billion in cash and stock. In 2020 HomeAway and VRBO websites were rebranded as single Vrbo website. History HomeAway was founded in 2004 as CEH Holdings. The company acquired several websites and consolidated them into a single vacation marketplace, launching HomeAway.com in June 2006. HomeAway moved into its new global headquarters in Austin, Texas, on October 2, 2009. It was the first mixed-use project and the second company in Austin to achieve LEED Gold certification for Commercial Interior Design. In 2017, it moved to a new building. In 2009, HomeAway announced it would reunite actors Chevy Chase and Beverly D’A ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Vrbo
Vrbo ( ) operates an online marketplace for vacation rentals. It was originally known as Vacation Rentals by Owner or VRBO. It is headquartered in Austin, Texas, and is owned by Expedia Group. History The VRBO website was created by David Clouse, a retired teacher, in 1995 in Aurora, Colorado with the goal of renting his Breckenridge Ski Resort condo. The website soon became popular with homeowners that wanted to list their properties for short term rental. By 2006, Vrbo had over 65,000 rental listings and was adding 100 new listings per day. Vrbo originally had a subscription business model where payment of an annual fee allowed homeowners to list their property on the website. In 2006, Vrbo was acquired by HomeAway. In late 2015, Expedia Group acquired HomeAway, including Vrbo. In March 2019, VRBO was re-branded Vrbo, including a new logo, capitalization, and pronunciation. In May, the HomeAway and Vrbo websites were both rebranded as Vrbo. Criticism Strict refund polic ...
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Redpoint Ventures
Redpoint Ventures is an American venture capital firm focused on investments in seed, early and growth-stage companies. History The firm was founded in 1999 and is headquartered in Menlo Park, California, with offices in San Francisco, Los Angeles, Beijing and Shanghai. The firm manages $3.8 billion of capital. The firm's partners include Allen Beasley, Jeff Brody, Jamie Davidson, Satish Dharmaraj, Tom Dyal, Tim Haley, Brad Jones, Chris Moore, Lars Pedersen, Scott Raney, Ryan Sarver, Tomasz Tunguz, John Walecka, Geoff Yang and David Yuan. The founders of Redpoint Ventures have been involved with successful investments including Foundry, Juniper Networks, Netflix and Right Media. Its partners have been involved in 136 IPOs and acquisitions. IPOs include Snowflake, Twilio, Pure Storage, 2u, Just Eat, Zendesk, HomeAway, Qihoo, Responsys, Fortinet and Calix. Acquisitions include Acompli, Caspida, Efficient Frontier, Heroku, RelateIQ, BlueKai, Posterous, Trip.com, LifeSize, Refres ...
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Institutional Venture Partners
Institutional Venture Partners (IVP) is a US-based private equity investment firm focusing on later-stage venture capital and growth equity investments. IVP is one of the oldest venture capital firms, founded in 1980. History While Reid W. Dennis was an analyst at the Fireman's Fund Insurance Company starting in 1952, he started an informal network of screened individual investors (now called angel investors). In 1974, Dennis founded Institutional Venture Associates (IVA), funded by six institutions such as American Express. Burton J. McMurtry and David Marquardt, who had been involved with IVA, left and founded Technology Venture Investors, the first investor in Microsoft. These were some of the first venture capital firms located on Sand Hill Road near Stanford University, within Silicon Valley. With his personal wealth and that of other partners, Dennis founded Institutional Venture Partners in 1980. The first IVP fund had $22 million. In a field that was generally male-domina ...
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Austin Ventures
Austin Ventures (AV) is a private equity firm focused on venture capital and growth equity investments in business services and supply chain, financial services, new media, Internet, and information services companies nationally with a focus on Texas. The firm, which is based in Austin, Texas, was founded in 1984. AV has raised approximately $3.9 billion since inception across ten private equity funds. In September 2008, the firm announced the closing of Austin Ventures X with $900 million of investor commitments, which will be used to fund start-up capital for emerging companies and growth capital for expansion rounds and recapitalizations. In 2003, Austin Ventures, had offered to buy Hoover's Inc. for about $131 million in cash. Which was later withdrawn after a week as per Hoover's. See also * Silicon Hills Silicon Hills is a nickname for the cluster of high-tech companies in the Austin metropolitan area in the U.S. state of Texas. Silicon Hills has been a nickname for ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ...
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TheWrap
''TheWrap'' is an American online news website covering the business of entertainment and media via digital, print and live events. It was founded by journalist Sharon Waxman Sharon I. Waxman (born c.1963) is an American author, journalist, and blogger who has been a correspondent for '' The Washington Post'' and '' The New York Times'', and founded the Hollywood and media business news site ''TheWrap'' in early 2009. ... in 2009. Awards ''TheWrap'' has won awards for its journalism, including best website in 2018 for a news organization exclusive to the internet at the L.A. Press Club's SoCal Journalism Awards and best entertainment website in 2018 at the National Arts and Entertainment Journalism (NAEJ) awards. In 2016, the L.A. Press Club's NAEJ gave the site its top prizes for feature photography and Sharon Waxman's WaxWord blog, as well as second place for Best Entertainment Website and Entertainment Publication. The site was named the best online news site in both 201 ...
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Super Bowl XLIV
Super Bowl XLIV was an American football game between the National Football Conference (NFC) champions New Orleans Saints and the American Football Conference (AFC) champions Indianapolis Colts to decide the National Football League (NFL) champion for the 2009 season. The underdog Saints defeated the Colts by a score of 31–17, earning the franchise its first Super Bowl win. The game was played at Sun Life Stadium (now Hard Rock Stadium) in Miami Gardens, Florida, for the fifth time (and in South Florida for the tenth time), on February 7, 2010, which was the latest calendar date for a Super Bowl until Super Bowl LVI in 2022. This was the Saints' first Super Bowl appearance and the fourth for the Colts franchise, their second appearance in four seasons. The Saints entered the game with a 13–3 record for the 2009 regular season, compared to the Colts' 14–2 record. In the playoff games, both teams placed first in their respective conferences, marking the first time since ...
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National Lampoon’s Vacation
''National Lampoon's Vacation'', sometimes referred to as simply ''Vacation'', is a 1983 American road trip comedy film directed by Harold Ramis starring Chevy Chase, Beverly D'Angelo, Imogene Coca, Randy Quaid, John Candy, and Christie Brinkley in her acting debut with special appearances by Eddie Bracken, Brian Doyle-Murray, Miriam Flynn, James Keach, Eugene Levy and Frank McRae. It tells the story of a family that goes on a cross-country trip to an amusement park as hilarious hi-jinks occur along the way. The screenplay was written by John Hughes on the basis of his short story "Vacation '58," which appeared in '' National Lampoon''. The film was a box-office hit, earning more than $60 million in the U.S. with an estimated budget of $15 million, and received positive reviews from critics. As a result of its success, five sequels have been produced: ''European Vacation'' (1985), ''Christmas Vacation'' (1989), ''Vegas Vacation'' (1997), '' Christmas Vacation 2'' (2003) and '' ...
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