Ex-Zillow leaders including Spencer Rascoff launch startup to change how people buy second homes
Former longtime Zillow Group CEO Spencer Rascoff and dotloop founder Austin Allison are teaming up to “democratize” second home ownership. The startup partners with real estate agents to find homes for customers and helps set up an LLC designed for co-ownership. The business model is common in commercial real estate, but not as much in the vacation home industry. He’s still involved in the real estate industry, making small angel investments in startups such as La Haus and Butterfly MX. The lack of available property across the real estate industry also works in Pacaso’s favor, he added, since the company is helping unlock latent inventory.