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

In this episode of Masters of Scale, host Jeff Berman interviews Austin Allison and Spencer Rascoff, co-founders of Pacaso, a company that enables co-ownership of luxury vacation homes. They discuss the origins of Pacaso, how it differs from traditional timeshares, and its business model, which generates revenue through service fees, property management, and resale services. They also delve into their experiences navigating challenges like the COVID-19 pandemic and rising mortgage rates, and the importance of building relationships with potential acquirers, drawing from their experiences at Zillow and Dotloop. Spencer shares his entrepreneurial journey and current role as CEO of Match Group, while both offer advice for startup founders and discuss Pacaso's future plans, including a potential IPO and expansion of its global swap network.