Today on Tank Talks! We have Rob Petrozzo, co-founder of Rally Rd to talk about “Democratizing investing in rare collectables.”
Rob’s Background:
Rob Petrozzo is the Co-Founder & Chief Product Officer of Rally Rd, a platform where investors can buy and sell equity shares in collectible assets like cars, watches, sports memorabilia and art. The company aims to make investing in these illiquid assets more exciting, safe and accessible to everyone. Rally recently closed a $17 million in fundraising from some amazing backers, both strategic and financial including Porsche Ventures, the Raptor Group and Co-Founder of Reddit, Alexis Ohanian.
In this episode we discuss:
01:59 How Rally Rd got its start
04:43 What it took to get to launch
06:50 The decision to jump into different asset classes
08:41 Fee structure and the business model
10:27 How an IPO works on Rally Rd
11:27 Demographics of the average Rally Rd investor
13:34 The strength the assets are on Rally Rd
15:32 How an asset gets sold from the market
18:52 Proxy voting mechanism
19:33 Partnerships and what they look like in the future
20:53 The effect of Top Shots on the market
22:46 Rally Rd’s plan to enter the digital collectable market
24:46 NFTs and Rally Rd
26:46 Working with their high profile investors
29:48 The liquidity of the market
32:11 Growth into intangible assets
35:40 Legacy auction houses entering the market
38:28 Rob’s favorite asset on the platform
Book Rob recommends
Inside the Nudge Unit by David Halpern
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Podcast production support provided by Agentbee.Agency
Rob Petrozzo, co-founder of Rally Rd, on "Democratizing investing in rare collectables"