Spencer Rascoff

What Picasso tries to do is democratize access to second homes, to something that is typically only available to very wealthy people. And Private venture-funded companies are also typically not available to retail investors. They typically have to wait until these companies go public.

The SEC created something called Reg A as part of the JOBS Act about 10 years ago, which lets private companies raise capital in this way. So we publish our results with the SEC just like a public company would. We sell shares to the public just like a public company would. But the shares don't trade on an exchange just yet, not until the companies go public.

The SEC created something called Reg A as part of the JOBS Act about 10 years ago, which lets private companies raise capital in this way. So we publish our results with the SEC just like a public company would. We sell shares to the public just like a public company would. But the shares don't trade on an exchange just yet, not until the companies go public.

So that's what Picasso is in the midst of. We just launched this last week in early October of 2024. And it's an exciting, cutting-edge way to allow individual people to invest in a private venture-funded startup. Don't let the VCs have all the fun.

So that's what Picasso is in the midst of. We just launched this last week in early October of 2024. And it's an exciting, cutting-edge way to allow individual people to invest in a private venture-funded startup. Don't let the VCs have all the fun.

When I left Zillow, I started something called 75 and Sunny Ventures, which is my family office venture fund. And what we do is we start companies. So it's basically a personal startup studio. I've started seven companies in the last couple years through this. Picasso is the largest and best known and the most late stage of them. Of the seven companies,

When I left Zillow, I started something called 75 and Sunny Ventures, which is my family office venture fund. And what we do is we start companies. So it's basically a personal startup studio. I've started seven companies in the last couple years through this. Picasso is the largest and best known and the most late stage of them. Of the seven companies,

Three of them are former Zillow teams, teams that we used to work together. Three of the seven are in prop tech or in the real estate tech space, four are not. The common theme across most of them is democratizing access to something that only a small portion of people have access to. So Picasso is all about helping people

Three of them are former Zillow teams, teams that we used to work together. Three of the seven are in prop tech or in the real estate tech space, four are not. The common theme across most of them is democratizing access to something that only a small portion of people have access to. So Picasso is all about helping people

own a second home that might not otherwise be able to, or might not be able to afford such a nice second home. And they're doing it through co-ownership. Libby or heylibby.ai is one of my startups. And heylibby.ai is an AI sales receptionist for small businesses. So big companies have artificial intelligence responders.

own a second home that might not otherwise be able to, or might not be able to afford such a nice second home. And they're doing it through co-ownership. Libby or heylibby.ai is one of my startups. And heylibby.ai is an AI sales receptionist for small businesses. So big companies have artificial intelligence responders.

Like if you call United Airlines or you go to American Airlines website, you'll interact with basically an AI chat bot and talk with, I want to change my flight or, can you issue me a refund or whatever? So big companies have that, but small businesses don't.

Like if you call United Airlines or you go to American Airlines website, you'll interact with basically an AI chat bot and talk with, I want to change my flight or, can you issue me a refund or whatever? So big companies have that, but small businesses don't.

And so what HeyLibby.ai does is it creates for any small business, whether you're a plumber, an electrician, a housekeeper, a wedding photographer, a spa operator, hairdresser, et cetera. It lets you create your own AI sales receptionist that will do triage with your customers when they're reaching out to you for different things. So that's that business. It's a former team from Zillow.

And so what HeyLibby.ai does is it creates for any small business, whether you're a plumber, an electrician, a housekeeper, a wedding photographer, a spa operator, hairdresser, et cetera. It lets you create your own AI sales receptionist that will do triage with your customers when they're reaching out to you for different things. So that's that business. It's a former team from Zillow.

We've raised a couple million dollars in venture capital, and it's an early stage startup. And then I won't go through all seven, don't worry. But just to tell you about one other, for example, a company called Q, which is Q-U-E-U-E, is one of my startups that lets people track what to watch and figure out what streaming services different TV shows or films are available on.

We've raised a couple million dollars in venture capital, and it's an early stage startup. And then I won't go through all seven, don't worry. But just to tell you about one other, for example, a company called Q, which is Q-U-E-U-E, is one of my startups that lets people track what to watch and figure out what streaming services different TV shows or films are available on.

So it's sort of like a social TV guide and it's solving the problem of figuring out what to watch because streaming has become so fragmented that it's very hard to know what's where or what you're watching where It used to be easy when you could look in the paper and see the TV listings. Now it's too fragmented. And so we've built a social layer on top of a TV guide, essentially.

So it's sort of like a social TV guide and it's solving the problem of figuring out what to watch because streaming has become so fragmented that it's very hard to know what's where or what you're watching where It used to be easy when you could look in the paper and see the TV listings. Now it's too fragmented. And so we've built a social layer on top of a TV guide, essentially.

So that's what Q does. We have millions of downloads. We've raised a couple million dollars of venture capital.