This Ex-Zillow Exec Sold His Last Startup for $120M — Now He’s Disrupting the $1.3T Luxury Vacation Market
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Three of the same VC firms that backed Uber, Venmo, and eBay, respectively, are all investing in another private company: Pacaso.
Venture backing in companies like Pacaso is nothing new. After all, early-stage companies often have the potential to deliver the most outsized returns.
But, recent regulatory updates have opened the door for individual investors to invest alongside these venture capitalists. Normally, everyday investors have to wait for a company to go public before they can invest, missing out on that early gain potential. Now, some companies are opening up investment opportunities to the public.
This type of investing has already seen some great success stories. For example, in 2016, 433 people invested an average of $2,730 in a private startup named Revolut. Fast-forward to today, those $2,730 stakes are worth over $1 million, up 89,900%.
Today, thousands of investors have joined big-name VCs in taking a chance on Pacaso. It’s no surprise, considering Pacaso’s resumé:
- The company has made $110M in gross profits to date
- Pacaso’s co-founder sold his last company to Zillow for $120M
- They operate in over 40 vacation destinations across the US, Mexico, UK, and France
- The company reserved the Nasdaq ticker PCSO
But the growth potential is where the excitement is. Below we’ll reveal more about how Pacaso has ramped up and built a competitive moat so quickly, and how you can share in their growth.
Next-Generation Co-Ownership
After his $120M exit and subsequent role as a Zillow executive, Austin Allison created Pacaso’s game-changing co-ownership model. Powered by proprietary tech and an innovative structure that eliminates the headaches of traditional vacation home ownership, it’s already leaving a mark. Here’s how:
- Seamless Transactions: Clients easily buy, finance, and resell, shares of luxury homes through Pacaso’s intuitive platform
- Turnkey Ownership: Pacaso handles maintenance, scheduling, and furnishing; owners simply enjoy their vacation homes
- Maximized Value: Homes that once sat empty up to 90% of the year now stay occupied nearly year-round, benefiting owners and local economies
The demand for their services and expertise is real. In top destinations, co-ownership is growing 21% annually in the US, and Pacaso homes have appreciated nearly 10% since 2021 – roughly double the growth of the broader luxury market.
Scaling Into 10 New International Destinations
Pacaso is already leading the charge in the $1.3 trillion US vacation home market, combining real estate innovation with tech-driven efficiency to generate multiple revenue streams. These include transaction service fees on every sale, recurring property management fees, and exclusive financing options tailored to co-owners.
Now, the platform’s global reach is growing quickly, and they’re already seeing strong returns in the $500B global market. In 2024, they set records in Paris and London. Meanwhile, Cabo (Mexico) is the #3-most-searched destination on their platform. No surprise Europe and Mexico have accounted for 22% of their revenue over the past two years.
Now, they’re taking international expansion to an entirely new level. They recently announced 10 new international destinations will be added to their platform, spread across Italy, the Caribbean, and Mexico. That means Pacaso’s unique model is poised to dominate a combined $1.8T in vacation home markets.
Why Investors Are Paying Attention
There are many reasons why firms managing a combined $180B+ in assets, and 10,000+ individual investors have already backed Pacaso, including:
- Proven Leadership: Allison is joined by executives with decades of real-estate and startup experience.
- Strong Growth Metrics: Full-year 2024 financials showed a 21% YoY increase in gross real estate volume and a 24% improvement in adjusted EBITDA.
- Surging Demand: 40% of Americans want to buy a vacation home in the next year (Coldwell Banker)
After impressive full-year earnings showed gross profit grew 41%, and with continued growth and expansion ahead, Pacaso is really hitting their stride.
Pacaso is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained from: invest.pacaso.com. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.
Don’t Miss Your Chance to Become an Early Investor in Pacaso:
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