Peter Pham, CEO of BillShrink, has just Tweeted that he’s leaving the startup to become an entrepreneur-in-residence at VC firm Trinity Ventures. According to a blog post, Pham says he is “moving on to pursue new entrepreneurial opportunities as an Entrepreneur-in-Residence at Trinity Ventures, which led BillShrinkâs Series B of $8 million.”
BillShrink’s co-founder Schwark Satyavolu will assume the role of CEO (he was previously the CTO). Before starting BillShrink, Pham was the Vice President of Business Development at Photobucket.com, which was acquired by Fox Interactive Media in 2007. He’s also an advisor to Docsctoc, Scrapblog, Ustream, and a number of other startups.
BillShrink has seen considerable success under Pham’s leadership. Launched in 2008, BillShrink is a free online service to help consumers make better purchase decisions for complex product categories. The site has launched a number of verticals including TV, savings accounts, gas stations, credit cards, and phone bills. The site, which had grown to one million members as of last Fall, also recently scored a deal with Walmart, which features Billshrink on its in-store cell phone kiosks.
