RelayRides Names Former Shopping.com Head Andre Haddad As CEO
RelayRides, a marketplace that lets car-owners rent out their cars a few hours at a time, has named former Shopping.com chief Andre Haddad as its CEO. The well-funded startup has raised $10 million to date, with investors including Google Ventures, August Capital, and Shasta Ventures. RelayRides allows users to rent out their cars for select times during the week, and says that renters generate an average of $250 a month in revenue, of which they keep 65% (20% goes to insurance, 15% to RelayRides). Users on the other side of the deal benefit, because it's generally much cheaper to rent a car through RelayRides than though traditional car rental services). And?Haddad has plenty of experience with managing marketplaces ??prior to joining Shopping.com, Haddad was SVP of Product at eBay and he founded European auction site iBazar.Source: http://feedproxy.google.com/~r/Techcrunch/~3/DuHJl0xisJM/
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