Office Hours Podcast: How the Chainsmokers Grew Into Venture Capitalists
Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.
I love the music of The Chainsmokers and am excited to be an investor in their Venture Capital Firm, Mantis, where they focus on investing in seed and Series A startups.
Alex Pall and Drew Taggart, the duo behind both the music and the firm, are full of hunger to grow, and see their journey as musicians who built a band out of nothing, similar to the path that startups take.
On this episode of Office Hours, hear why they think it's not just their fame that makes them valuable to the companies they invest in, how they write their songs and the logic behind what might be considered a controversial decision: selling their music catalog.
Want more? Subscribe to Office Hours on Stitcher, Apple Podcasts, Spotify, iHeart Radio or wherever you get your podcasts.
- alex-pall - dot.LA ›
- The Chainsmokers on LA's Tech Scene - dot.LA ›
- The Chainsmokers Journey From Music to Venture - dot.LA ›
- Altruist Lands $112M, Mantis Venture Capital Grabs $11.7M - dot.LA ›
Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.