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Success Story with Scott D. Clary

Spencer Rascoff & Sophia Rascoff - Founders of Recon Food | The Evolution of Social Media

Success Story with Scott D. Clary

Success Story Media

Business, Careers, Self-improvement, Education, Entrepreneurship

4.61.9K Ratings

🗓️ 10 October 2022

⏱️ 73 minutes

🧾️ Download transcript

Summary

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ About The Guest⁣ Spencer Rascoff is an entrepreneur who co-founded Zillow, Hotwire, and dot.LA, Pacaso, Recon Food, Queue, and Supernova, and who served as Zillow's CEO for a decade. Spencer is an active angel investor and is starting new companies through his Los Angeles startup studio “75 & Sunny.” Spencer is co-chair of Supernova, a family of Special Purpose Acquisition Companies (SPACs) which have raised over $1 billion in capital. He is also on the Board of Directors of Varo Money. In spring 2022, Spencer was a Visiting Professor. He taught Harvard College’s first-ever startup class “Startups from Ideation to Exit,” and in the Fall of 2019, co-created and co-taught the Harvard Business School course, “Managing Tech Ventures. Spencer is the host of "Office Hours,” a podcast featuring candid conversations between prominent executives on leadership, diversity and inclusion, and startups. Sophia Rascoff is co-founder and CEO of Recon Food, the vertical social media app where people can reconnect over a shared love of food. Sophia is a student at Harvard-Westlake School in Los Angeles, where she is a leader in the entrepreneurship and creative problem-solving organization; a leader in the Latin American/Hispanic Student Organization; a recipient of the presidential volunteer service award. ➡️ Show Links https://www.instagram.com/spencerrascoff/ https://twitter.com/spencerrascoff/ https://www.instagram.com/spencerrascoff/ https://twitter.com/sophiarascoff/ ➡️ Podcast Sponsors HUBSPOT - https://hubspot.sjv.io/successstorypod ➡️ Talking Points⁣ 00:00 - Intro 04:16 - Sophia Rascoff's origin story 07:45 - Spencer Rascoff's origin story & his starting a company with his daughter 11:23 - Starting up a social media app 13:52 - Vertical-driven social media 20:23 - Some ways of growing and building up a community 23:06 - Turning a community into a successful business model 25:24 - What are the benefits and drawbacks of working in a family? 30:16 - Managing her studies and her business at the same time 33:16 - Sophia’s future education plans & Spencer’s thoughts on them 36:17 - Learning to code at such a young age & Sophia’s role at the company 38:49 - The most important traits to be a successful entrepreneur 41:37 - How did the Rascoffs find the founder-product fit? 45:28 - How did Sophia accomplish all that she did at a young age and how did social media affect it? 54:16 - Where can people connect with Sophia Rascoff and Spencer Rascoff? 55:08 - The biggest challenges faced by Spencer and Sophia Rascoff 57:08 - The most impactful person in Sophia’s and Spencer’s lives 59:44 - Sophia and Spencer’s book or podcast recommendations 1:01:04 - What would Spencer and Sophia tell their younger selves? 1:02:47 - What does success mean to Sophia and Spencer Rascoff? Learn more about your ad choices. Visit podcastchoices.com/adchoices Our Sponsors: * Check out Factor: http://factor75.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0

So I haven't worked with a lot of wine or liquor or alcohol sponsors, but I'm very happy that

0:05.2

Justin Wines reached out. They wanted to work with me and sponsor the podcast. Whether or not you're

0:09.4

buying wine for yourself or you're looking for corporate gifting or gifts for friends and family,

0:14.0

they got you covered. They recently sent me some of their wines, including the caps of their

0:17.8

flagship wine. I saw sleeves and their award-winning justification. I cannot wait to share these with

0:23.2

friends and family and also drink some myself. Justin Wines has been crafting exceptional wines since

0:28.4

1981 with world-class Bordeaux style wines. Justin basically put Paso Robles region on the wine

0:35.8

making map. They thoughtfully produce wines with boutique wine-making practices and it is the

0:41.2

perfect gift for loved ones. Gifting with Justin is effortless. You pick your wine, you select the

0:46.8

box, you add a personal message and you leave the rest to them. You could be gifting yourself if

0:51.8

you want to. I'm not holding any judgment. Shop all of their exceptional wines at JustinWine.com

0:57.6

and be sure to use promo code success to receive 15% off your order today.

1:03.4

Welcome to success story the most useful podcasts in the world. I'm your host Scotty Clary.

1:08.6

The success story podcast is part of the HubSpot podcast network. The HubSpot podcast network has

1:14.0

other great podcasts like Marketing Made Simple hosted by Dr. J.J. Peterson. Marketing Made Simple

1:20.0

brings you practical tips to make your marketing easy and more importantly make it work. Now,

1:25.1

if any of these topics are interesting to you, you're going to love his show. How to write and

1:29.2

deliver captivating speeches, how to market yourself into a new job, how design can help and potentially

1:34.9

hurt your revenue and how to create a social media ad strategy that works. If these topics hit

1:40.8

home and there are things that you want to learn about, go listen to Marketing Made Simple wherever

1:45.0

you get your podcasts. Today my guest is Spencer Raskoff and Sophie Raskoff. Spencer and Sophie

1:51.1

Raskoff, father, daughter, they're the co-founders of the app Recon Food, which is a new vertical

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