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SaaS Interviews with CEOs, Startups, Founders

Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 17 June 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

Scott Lynn is the Founder and CEO of Masterworks, the first company to allow investors to buy shares representing ownership of great masterpieces by artists like Warhol, Monet, and Banksy. Scott has been an active collector of contemporary art for more than fifteen years and has built an internationally-recognized collection of Abstract Expressionism that has included works by Clyfford Still, Barnett Newman, Mark Rothko, Willem de Kooning, and more. In addition to Masterworks, Scott serves on the board of v2 ventures (Adparlor, Giant Media, Reachmobi, Amply, and Sellozo), Payability, and the Brooklyn Rail (a non-profit publication in the art industry).

Transcript

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0:00.0

You know, we're raising in excess of $6 million, $7 million a month in capital, growing by more than 30, 40% a month.

0:08.6

So it's, you know, the cadence is pretty high.

0:11.9

We're launching another offering on Monday by an artist named Kusama.

0:15.6

So, you know, it's basically one offering every two weeks between one and ten million dollars of painting.

0:23.0

You are listening to Conversations with Nathan Latka.

0:27.2

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0:31.6

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0:35.4

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0:39.2

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0:41.2

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0:44.1

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0:47.0

from founders, thinkers, and people I find interesting.

0:50.9

Like Eric Wan, 18 months before he took Zoom public.

0:55.1

We got to grow faster. Minimum is 100% over the past several years.

0:59.9

Or bootstrap founders like Vivek of Question Pro.

1:02.9

When I start the company, it was not cool to raise.

1:05.1

Or Looker's CEO Frank Bean before Google acquired his company for $2.6 billion.

1:15.4

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1:22.7

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1:28.5

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1:32.7

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1:36.8

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...

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