Office Hours Podcast: How the Chainsmokers Grew Into Venture Capitalists

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.

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Relativity Space, the Long Beach 3D-printed rocket maker, has unveiled plans to create a fully reusable rocket.

CEO Tim Ellis told CNBC that the move is an "obvious evolution" for the company. The announcement comes on the heels of a hefty $500 million round he closed in November.

"It's the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same team," Ellis told the outlet.

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Nearly a year into the worst pandemic in a century, Los Angeles companies expecting to snap up office space on the cheap may be disappointed.

L.A. office rents have held steady or even gotten pricier since COVID, even as more space has become available as most employees continue to work from home.

"I honestly thought rents would have dropped by now," said Michael Soto, research director at the brokerage Savills Inc. "For a lot of tenants, they are still seeing a bit of sticker shock that prices haven't dropped yet."

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On today's episode of Office Hours, I'm excited for you to get to know Austin Allison, my co-founder and CEO of our company, Pacaso.

Birds were the first dwellers Austin served with his boyhood bird-house business. Now, with Pacaso, our goal is to democratize second-home ownership by enabling people to co-own an amazing second home --- for 1/8 the cost.

Hear his take on what it meant to have his first company acquired, his number one tip on how to keep his crew focused and how to best navigate what seems like weekly iterations of the start-up environment.

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