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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?

There's a couple of artists that I don't own that I want to add to my collection, but my focus is really narrow because I'm focused on building out a collection.

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

In Masterworks, we don't really have that focus, right?

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

We're just in the market to buy things that we think are great value and we'll appreciate well over time.

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

So we have 40 artists roughly that we're focusing on this year.

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

And that gives us the opportunity to really be

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

I guess value focused when we're buying and also just have a wider range of opportunities that we're looking at at any point in time.

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

Yeah, I mean, for masterworks, most of the art today is in storage.

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

We have a gallery in Soho that the people that our investors come into and they can actually see the works.

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

But the reality is over time, we want to lend out most of that work to institutions, museums, that people can go and see it publicly.

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

No, I mean, I think you covered it.

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

I mean, the only thing about the platform that we're excited about recently is we just launched secondary markets.

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

So people are now trading shares and paintings just like they trade shares and companies.

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

So that's also kind of a cool feature of the platform.

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

You can come in, you can buy, you can invest in a particular offering, and then we're seeing investors kind of trade out of those investments three to six months later.

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

Yeah, we're trying to.

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

I mean, the business is growing so fast now.

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

It's really, it's really interesting that we didn't in particular with Corona.

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

We, I mean, I can't figure, we talk about it a lot internally.

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

We can't figure out exactly if it's counter cyclical, but we've just had a huge influx of interest over the past six months really across the board.

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

So we, we can definitely see a world where, you know, it's pretty easy to 10 X where we are today.