Show notes
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 start04:43 What it took to get to launch06:50 The decision to jump into different asset classes08:41 Fee structure and the business model10:27 How an IPO works on Rally Rd11:27 Demographics of the average Rally Rd investor13:34 The strength the assets are on Rally Rd15:32 How an asset gets sold from the market18:52 Proxy voting mechanism19:33 Partnerships and what they look like in the future20:53 The effect of Top Shots on the market22:46 Rally Rd’s plan to enter the digital collectable market24:46 NFTs and Rally Rd26:46 Working with their high profile investors29:48 The liquidity of the market32:11 Growth into intangible assets35:40 Legacy auction houses entering the market38:28 Rob’s favorite asset on the platformBook Rob recommendsInside the Nudge Unit by David Halpern Follow Matt Cohen and Tank Talks here!Podcast production support provided by Agentbee.Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
