Technology Disruption in Real Estate with Spencer Rascoff #DDRE43

Data Driven Real Estate Podcast
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Join us Thursday, July 1 at 9 am PDT for the YouTube Premiere of this episode of the Data Driven Real Estate Podcast and chat along with the PropertyRadar team: https://bit.ly/ddre-premier

Get your questions answered on the upcoming show by posting your questions in our community: https://bit.ly/ddre-43

Spencer Rascoff is a serial entrepreneur and company leader who is Chair and Co-founder of Pacaso, dot.LA and Supernova. He is also Co-Founder and General Partner at 75 & Sunny, a VC firm focused on early-stage startups, as well as serves on the Board of Palantir (NYSE: PLTR).

Spencer co-founded Zillow in 2006 and served as Zillow’s CEO for a decade. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Spencer is a former Director of Zillow Group (Nasdaq: ZG), TripAdvisor (Nasdaq: TRIP), Zulily (Nasdaq: ZU), Julep, and several other tech companies.

In fall 2019 Spencer was a Visiting Executive Professor at Harvard Business School where he co-created and co-taught the “Managing Tech Ventures” course. In 2015, Spencer co-wrote and published the New York Times’ Best Seller “Zillow Talk: Rewriting the Rules of Real Estate.” Spencer is the host of "Office Hours,” a podcast featuring candid conversations between prominent executives on leadership, diversity and inclusion, and startups. He also co-hosts along with his son, Luke, the “Dad I have a question” podcast. Before his consumer web career, Spencer worked in investment banking at Goldman Sachs and in private equity at TPG Capital. He is also a member of the Young Presidents’ Organization. Spencer graduated cum laude from Harvard University.

Main Topics/Questions:

  • 75 & Sunny Ventures backing early-stage startups and creating new companies.
  • Pizza to celebrity cameos to space travel, how do you choose?
  • What is vertical integration and why is it important to you as an investor?
  • What sectors are you currently chasing or get you most excited?
  • 75 & Sunny Labs launches new companies.
  • Pacaso - What is it? What are the target areas and property types? What are some of the current challenges?
  • dot.LA - Interesting time to start a media company. Why now?
  • Supernova/Offerpad - What is a SPAC? Do SPACs typically start with a specific investment in mind? * Why have these become more popular in the last few years?
  • What excites you about Offerpad and how is it differentiating itself from other ibuyers?
  • How do you feel about the overall ibuyer trend?
  • Zillow was built during the Great Recession giving you unique insights into cycles. Is Wall Street and proptech positioned to survive a down market.
  • What does the real estate procession look like in 10 years?
  • Do you see a market correction in the near future?
  • What technologies do you see having the biggest impact on real estate that people aren’t paying attention to?
  • How do you find the time and balance?
  • What data or information do you wish you had?
  • Have an example where lack of data hurt? Helped?
  • What trends and opportunities are on the horizon?

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