Building a $1.5B real estate empire, with Spencer Rascoff and Austin Allison

Masters of Scale

WaitWhat

Entrepreneurship, Business, Management, Reid Hoffman, Mindset, Diversity & Inclusion, Jeff Berman, Bob Safian, Startups

4.6 • 4.4K Ratings

🗓️ 26 June 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zillow co-founder Spencer Rascoff and Dotloop founder Austin Allison both knew that owning a vacation home was a great privilege — and an expensive hassle. They’re leveraging their decades of experience in real estate to reshape how owning a vacation home works with a new business: Pacaso. They join host Jeff Berman to reveal how it became the fastest U.S. company to ever reach unicorn status.

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Transcript

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0:00.0	If you're focused on scaling your business, you know the complexity kills efficiency, which is why FreshWorks is here to give you uncomplicated service software.
0:11.8	Freshworks builds intuitive tools that make work easier and deliver real ROI today, not someday. Their AI doesn't replace your people. It unlocks their potential. If you want to
0:24.3	increase your team's efficiency and uncomplicate your business, try fresh service for IT
0:29.4	and fresh desk for customer support. Learn more at freshworks.com.
0:36.5	Hey folks, Jeff Berman here.
0:38.9	We are gathering the leaders
0:40.5	who are building what's next
0:42.1	at the Masters of Scale Summit.
0:44.4	You'll see visionaries like Waymos,
0:46.0	Tikitra Mawakana,
0:47.5	Chabani's Hamdi Ulukaya,
0:49.8	restaurateur David Chang,
0:51.1	Patagonia's Ryan Gellert,
0:53.3	promises Fadra Ellis Lampkins, the National
0:55.5	Women's Soccer League's Jessica Berman. The list goes on and on. Please join us October 7 to 9th
1:01.8	in San Francisco. The room is filling up fast, so apply now at mastersofscale.com
1:07.8	slash apply 25. That's masters of scale.com slash apply 25. That's Masters ofscale.com slash apply 25.
1:17.8	We grew from zero to billion and a half was our Series C valuation, which we did in like the first 18 months.
1:31.1	We were operating in 35, 40 markets. We had three to 400 people. We were growing fast.
1:40.2	Hundreds and hundreds of percent year over year. And then the music stopped.
1:47.5	Austin Allison's startup Picasso lets people buy a fraction of a luxury vacation home.
1:53.5	It boasted about being the fastest U.S. company on record to reach unicorn status,
	...

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