LA Venture: Serial Entrepreneur Spencer Rascoff on the Future of Social Media and His Investing Strategy

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.

Former Zillow executive and serial entrepreneur Spencer Rascoff loves Los Angeles.

So much that he named his venture capital fund, 75 & Sunny, as an ode to L.A.'s yearlong balmy weather. This week, he joins the LA Venture podcast to talk about what helped him grow personally and professionally into one of the most revered investors in Southern California.


"I'm at the stage of my career where I'm trying to be a coach and a mentor and an advisor," said Rascoff.

Rascoff is best known as the former co-founders of successful startups including Zillow and Hotwire. He has since built other companies including the news site you're currently reading (dot.LA) and Pacaso — a platform that helps people co-own a home. Rascoff said he's now looking for new partners to work with to start more companies.

An avid Twitter and Instagram user, Rascoff said he's not pleased with the social media world and the misinformation it has propagated in the last few years.

"The horizontal social networks have become kind of cesspools of humanity, where everyone's yelling and screaming about everything," Rascoff said. "There's all this misinformation. The algorithms are sending us down these black holes."

But he said he sees hope for vertical-specific social networks, and is personally investing in several. Rascoff said 75 & Sunny has made over 42 investments this year across the worlds of proptech, consumer and fintech.

Along the way, Rascoff said he's been fortunate to surround himself with smart and supportive co-workers and friends.

"That's the most important thing is surrounding yourself with people that you learn from, that you are motivated by, that bring out the best in you, that complement your skills. That's everything," he added.

Hear the full episode by clicking on the playhead above, and listen to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

dot.LA Engagement Intern Joshua Letona contributed to this post.

Subscribe to our newsletter to catch every headline.

Cadence

NZXT Raises $103.5 Million to Help Users Game the Chip Shortage

Harrison Weber

Do you know something we should know about L.A. tech or venture capital? Reach out securely via Signal: +1 917 434 4978.

Harrison is dot.LA's senior finance reporter. They previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find them on Twitter: @harrisonweber. Send tips on L.A. deals to harrison@dot.la. Pronouns: they/them.

As gamers struggle to get their hands on key components including graphics chips, a PC company that’s offering a workaround of sorts just raised $103.5 million, according to a recent regulatory filing.
Read more Show less

Workers at Activision Blizzard Studio Raven Software Walk Out, Protesting Layoffs

Samson Amore

Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Samson is also a proud member of the Transgender Journalists Association. Send tips or pitches to samsonamore@dot.la and find him on Twitter at @Samsonamore. Pronouns: he/him

Embattled video game publisher Activision Blizzard is facing its third work stoppage in the last five months as employees at its subsidiary studio Raven Software walked out to protest layoffs of its quality assurance testers.

Employees have staged other walkouts in recent months to call attention to Activision’s handling of ongoing complaints of rampant gender inequality and sexual harassment within the company. This has happened in tandem with calls from employees and activist investors for CEO Bobby Kotick to resign over his handling of the ongoing scandal.

Read more Show less
https://twitter.com/samsonamore
samsonamore@dot.la

El Pollo Loco Tests 'Air Loco' Drone Delivery Despite Concerns

Emma Betuel
Emma Betuel is a science and health reporter. Her work has appeared in Inverse, Future Human, and Texas Monthly, among others publications.

For the last five months, orders of grilled chicken have zipped through the skies of Costa Mesa.

In June, restaurant chain El Pollo Loco launched a drone delivery program in the city of about 113,000, which also serves as the site for its corporate headquarters. While other companies have piloted drone programs that deliver to pickup sites, El Pollo Loco was aiming to become one of the first to deliver food to backyards.

Read more Show less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending