Zillow Co-Founder Spencer Rascoff's Advice for Aspiring Entrepreneurs

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 12 May 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are more resources than ever on how to start your own business— but not all of these resources are good ones. You don’t need to have run a business successfully to start an Instagram and say you have, right? So if you are thinking of starting your own company, you should to be informed by the brightest minds who will give you real advice, not any of the phony hacks and short-cuts and clickbait. Today, Nicole speaks with one those bright minds, Spencer Rascoff, entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso, Recon Food, Queue, Path, Supernova's family of SPACs, and 75 & Sunny. Spencer gives his advice and lessons on growing a business from the ground up, and what entrepreneurs need to know about this moment in the startup world.

Transcript

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0:00.0	From Wondry, flipping the bird.
0:02.2	Elon vs Twitter is a new podcast that unravels the fascinating story of Elon Musk's unexpected
0:08.0	bid to buy Twitter, and all of the drama that has happened since then.
0:12.1	As a self-described business maverick, Elon epitomizes the Silicon Valley ethos of move
0:17.0	fast and break things.
0:18.7	Elon's influence is not only ushering in a new era of Twitter, but also shaping the
0:23.9	future of free speech on the internet as we know it.
0:27.2	Listen to flipping the bird on Amazon Music or wherever you get your favorite podcasts.
0:34.2	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:38.8	It's time for some money rehab.
0:47.8	In the last few years, new business applications in the US have been coming in at record highs.
0:53.0	This means many Americans are looking to turn their hobbies into jobbies, and there are
0:58.0	receipts.
0:59.0	There are many factors at play here, but one biggie is the very public surge in layoffs
1:03.7	since 2020.
1:05.2	And some of these furloughed employees have decided that this was their sign that they
1:08.4	needed to try their hand at entrepreneurship, or they started a business because they had
1:12.4	no other choice in order to put food on their table.
1:15.1	I'd argue that another big reason for the uptick in new small businesses is the rise of
1:19.9	the founder, creator, influencer category.
1:23.3	There are more resources than ever to start your own business, but not all of these resources
1:28.7	are good ones.
	...

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