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Pacaso
Technology-enabled real estate marketplace
- 101-200 employees
- B2C
- Property
- Marketplace
- Sharing Economy
- Real Estate
- Remote HQ
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Company mission
Pacaso's mission is to empower people to own a share of a second home, from 1/8 to 1/2, and experience true real estate ownership.
Few candidates hear
back within 2 weeks
-37% employee growth in 12 months
Otta's take
Xav Kearney
CTO of Otta
Second home ownership has traditionally been a privilege of the wealthy, due to the costs involved to purchase and maintain an additional property. However, the vast majority of the 100 million second homes around the world sit empty 10 to 11 months a year. Seizing this opportunity, Pacaso seeks to give more people a chance at second home ownership with a unique co-ownership model, which allows individuals to purchase fractions of a property, benefit from it as guests and rent it out to generate additional income.
The business has grown exponentially since its founding in October 2020. According to Crunchbase, it's achieved Unicorn status faster than any other company. In its first six months of operation, Pacaso received more than 60,000 requests and assisted 100 purchases.
The founders bring decades of experience in real estate and startups. Rascoff founded Hotwire, Zillow and Recon Food, whilst Allison has worked in the industry since the age of 18, and previously founded Dotloop, a real estate transaction solution.
Benefits
- Competitive salary and stock options
- Unlimited, flexible PTO
- Medical, dental and vision insurance
- 401(k)
- Paid maternity and paternity leave
- Home office stipend
- Company-sponsored meetups
Company values
- Embrace an infinite mindset - We are energized by our long-term mission and the infinite game of radically enriching the lives of our customers and Crew
- Communicate constantly - We paint a clear target, and constantly keep others updated on key developments (good or bad). Be transparent at all times
- Act with agility - We maintain existential flexibility on how to best achieve the desired outcome
- Row together - We work together, and accomplish more, as a supportive and positive team
- Empty the dishwasher - When we encounter an unmet need, we step up and own it
Funding (last 2 of 3 rounds)
Sep 2021
$125m
SERIES C
Mar 2021
$75m
SERIES B
$217m
Total funding
This company has top investors
Founders
Austin Allison
(CEO)Having studied Law at the University of Cincinnati, Austin worked as a Real Estate manager for over 9 years before founding dotloop in 2009 and Zillow Group in 2015. He combined his entrepreneurial and real estate experience to co-found Pacaso in February 2020, alongside Board roles at WineSociety and Houwzer.
Spencer Rascoff
(Board Chair)Serial entrepreneur, founded Hotwire, Zillow and Recon Food. Currently a General Partner at 75 & Sunny, and Board Member on numerous fast-growth companies like Palantir and TripAdvisor.
Office