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Scott Lynn

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Um, so it's, you know, the, the, the cadence is pretty high, um,

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

We're launching another offering on Monday by an artist named Kusama.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So, you know, it's basically one offering every two weeks between $1 and $10 million a painting.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I think it's 13 or 14.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

I'm not sure on that exactly.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So we did, you know, this was a really unique financial product.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So all of our offerings are filed with the SEC.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

They're technically public offerings.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So we filed our first offering with the SEC maybe a year and a half, two years ago.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Took us nearly nearly a year and a half to get that through the SEC just because they'd really never seen a product like this.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So there's lots of commenting on the offering.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

But after we got the first one through, the cadence has been much faster.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

You know, I first started thinking about the idea kind of in, I guess, when blockchain was really, really hyped up.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Yeah, not a crypto guy, but I do like the idea of securitizing different asset classes.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

To me, I think the thing that's so interesting about art is you have this massive asset class, but up until Masterworks, there's literally, there hasn't been any way to invest in it.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So the only way you could allocate to it is to go out and buy a $1 to $10 million painting, which some people do, but obviously that's not really accessible to most people.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So the concept of Masterworks was just taking this asset class, which historically has outperformed, and making it accessible to everyone.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So this is my, uh, I think ninth or 10th company now.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So I've started out in online advertising, um, went into FinTech and this is the, uh,

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

the latest business.