IRVINE, Calif. – March 17, 2014 – Auction .com, the nation’s leading online real estate marketplace, has added former Oracle Chief Financial Officer Jeff Epstein to its board of directors. Epstein, who will chair the Audit Committee, is the second high profile addition to the Auction.com board, joining a representative from Google Capital, which announced a $50 million investment in the company last week.
Epstein is an operating partner at Bessemer Venture Partners and a senior advisor at Oak Hill Capital Partners. He serves on the board of directors for Priceline, the world’s largest hotel marketplace, and has participated in its growth from $1 billion to almost $70 billion in market capital. He also serves on the board of Shutterstock, the fast-growing marketplace for professional photography.
“Jeff understands the value of online marketplaces that bring buyers and sellers together on a single platform,” said Jeff Frieden, CEO and co-founder of Auction.com. “As the nation’s largest online real estate marketplace, Auction.com is eager to use Jeff’s experience and insights to help plan our next phase of growth.”
In his former position as executive vice president and CFO of Oracle, which has a market value of more than $150 billion, Epstein led the finance organization for one of the world’s largest and most profitable technology companies and understands the elements that comprise a technology industry leader.
“While Trulia and Zillow have proven that millions of internet users will search for real estate information, Auction.com has a proven record of success connecting buyers and sellers to consummate real estate transactions online,” said Epstein. “By being the first to deliver the benefits of an open, interactive marketplace – price discovery, transparency, speed and efficiency – Auction.com is well positioned to lead this segment of the industry for years to come.”
Prior to joining Oracle, Epstein served as chief financial officer of several public and private companies, including DoubleClick, which was sold to Google; King World Productions, which was sold to the CBS Corporation; and Nielsen’s Media Measurement and Information Group. Earlier in his career, he was an investment banker at The First Boston Corporation.
He also currently serves on the boards of directors of Kaiser Permanente and Global Eagle Entertainment, and the management board of the Stanford University Graduate School of Business.
Epstein holds an MBA from the Stanford University Graduate School of Business and a bachelor’s degree from Yale College.