Masterworks
company on 7 shows · 17 statements across 3 episodes · said 103 times in 15 episodes since 2020
20VC 71 
Top Founders 20 
Lenny's Podcast 4 
the Pitch 3 
My First Million 3 
Acquired 1 
the Startup Ideas Podcast 1
Mentions by year, every show
tap a year for its mentions
20VC 71Top Founders 20Lenny's Podcast 4My First Million 3the Pitch 3Acquired 1the Startup Ideas Podcast 1
2024 4 mentions in 2 episodes 2 per episode
2023 4 mentions in 1 episode
2022 5 mentions in 2 episodes 3 per episode
- 20VC: Scaling to $2BN AUM in 3 years, Fundraising Lessons and Tactics from 2,500 LP Meetings & What it Takes to Build a Firm That Stands the Test of Time with Harley Miller, Co-Founder and Managing Partner @ Left Lane Capital
- ACQ Sessions: Jason Calacanis · Acquired
- every mention in 2022, scene by scene →
2021 67 mentions in 8 episodes 8 per episode
- 20VC: GoPuff's Rafael Ilishayev on How GoPuff Has Been EBITDA Profitable From Day 1; The Unit Economics Behind GoPuff, With Intense Competition What Happens To The Food Delivery Space & What It Takes To Launch, Grow and Maintain New Markets
- 20VC: Why and How The Best Companies Build Economies Around Themselves, When, Why and How To Build Effective Partner/Channel Networks & The Power of Compounding Growth in SaaS with Jay Simons, General Partner @ Bond
- 20VC: Qualtrics Founder, Ryan Smith on The 2 Hour Decision Whether To Sell Qualtrics for $8Bn in Cash, Why Tying Your Identity To Your Company Will Never Make You Happy and His Relationship To Risk, Wealth and Responsibility as a Result
- 20VC: Twilio's Jeff Lawson on What It Takes To Create a Tribe, How To Create Anti-Fragile Organisations Through Decentralised Decision-Making and Why Values Are Nice But Principles Are Better
- 20VC: Rishi Sunak, Chancellor of the Exchequer on Turning the UK Into a Talent Magnet, What Can Be Done To Drive Further Investment in UK Venture & A Breakdown of Morning Routines, Peloton Favourites and Managing Nerves
- 20VC: DoorDash CEO Tony Xu on The Art of Great Leadership Today, Why The Best Give All of the Credit and Take All of the Blame & How DoorDash Have Won The Best Talent Against the Toughest Competition
- 20VC: Why Bundling Does Not Work, How The Best Founders Analyse Unit Economics, Why The Way We Approach Mental Health in Venture and Startups is Wrong with Nigel Morris, Co-Founder & Managing Partner @ QED Investors
- 20VC: Farfetch Founder, José Neves on Zen Buddhism and Its Impact on Leadership Mentality, Why Head vs Heart is Not the Right Way To Think About Decision-Making & How To Work Through Self-Doubt and Identity as a CEO
- every mention in 2021, scene by scene →
2020 23 mentions in 2 episodes 12 per episode
every mention on every show, scene by scene, with the transcript →
17 statements about Masterworks, every show
Rose: FranShares charges 1-2% annual investor fee and franchisee royalty
“It's one or two percent every year on the investor, and then for the franchisees, you know, we didn't want to take five or 10% of the raise up front. We find that would hinder their ability to grow. So instead, just like the franchisors, we do a royalty model.…”
Rose: Masterworks valued at 4x gross investment volume; FranShares seeks 1x
“Masterworks went for four times their gross investment volume, and we're looking for a little over one.”
Left Lane canceled vacations to close proprietary Masterworks deal in ten days
“Masterworks, that deal was proprietary. He wasn't out in market in earnest. This was last summer, July or thereabout of, you have, we dropped everything. We canceled our vacations in sort of early August to drive at this deal before it got out to market. That …”
Lynn: Masterworks is first to fractionalize fine art ownership
“So we, so we're really the first company to fractalize ownership in great works of art.”
Art prices are mostly correlated with global ultra-wealth creation
“I mean, we think that our prices are Probably mostly correlated to global ultra wealth creation.”
Masterworks uses 25 interns to track 80,000 auction paintings
“We have a research team of 25 interns that have went out and collected over 80,000 paintings that have been bought and sold at public auction. And then what the returns have been on those particular artworks for collectors.”
Lynn: Masterworks has completed 14 to 15 offerings, launching bi-weekly
“We've done, I think now we've done 14 to 15 different offerings between one and ten million dollars per painting. We're launching about one offering every two weeks now.”
Masterworks sold out a $1M Pierre Soulages offering in one day
“We launched the offering on Monday. We sold it out on Tuesday. To six or 700 people. I think it was a one million dollar offering.”
Lynn: Masterworks raises over $6M–$7M monthly, growing 30%–40% month-over-month
“We're raising an excess of six million dollars, seven million dollars a month in capital growing by more than 30, 40% a month.”
Masterworks' first SEC-registered art offering took 1.5 years to clear
“All of our offerings are filed with the SEC. They're technically public offerings. So we filed our first offering with the SEC maybe a year and a half, two years ago. Took us nearly, nearly a year and a half to get that through the SEC just because they'd real…”
Lynn: Masterworks charges a 1.5% management fee and 20% carry on sales
“So we make money very similar to how a hedge fund makes money, which is on a one and a half percent per year management fee plus 20% of the profit when a painting sells.”
Lynn: Blue-chip artists historically return between 8% and 30% annually
“These are three to seven year holds. But when you look at the performance of some of these artists overall, you know, we tend to see returns anywhere between eight percent a year and 30% a year.”
Lynn: Masterworks has over $30M under management
“I mean, I think at this point we're over thirty million maybe more than that under management.”
Masterworks avoids self-serve, speaking to 100% of its investors directly
“So we speak to a hundred percent of investors that, that are on the platform. We don't really believe in the, in a self-serve model in part just because people don't really understand the asset class.”
Lynn: Masterworks has over 10,000 active investors
“You know, I think our active investors now are somewhere above 10,000, but not.”
Masterworks keeps most art in storage, displaying some in SoHo
“Yeah, I mean, for Masterworks, most of the art today is in storage. We have a gallery in Soho that that people, you know, that our investors come into, and they can actually see the works.”