SPAC

“No, it's great. I think it's growing the market. It's good for entrepreneurs.”

“I mean, in every deal, I write a minimum of a hundred million dollars personally.”

“My personal perspective, it's probably us and maybe one or two other people who really dominate the space.”

“This is, I think this is going to be the new thing for early stage investors is we're not going to count unicorns anymore. We're going to count SPACs. We're going to count public listings, right?”

“And so a SPAC is like a combination direct listing plus private round. And I think that's going to be appealing to a lot of founders. As they start to discover this more and more.”

“In many ways, SPACs are synthetic bonds, right? And the reason is because, you know, if you go and buy, if you go and buy a SPAC, one share of any SPAC, you have the ability to redeem that. If you don't like the deal that it does and get back your coupon.”

“Last year, eighty billion was raised in SPACs. This quarter, a hundred billion in SPACs.”

“More capital was raised in q one than 20 20, 2019 and 20 18 combined in specs.”

“SPACs will consolidate around six or seven players and, you know, will do most of the business.”

“So I don't know if I'm gonna do it, but I'm, Heavily leaning towards doing it.”

“And what my honest advice is avoid Maybe not all SPACs, but definitely my SPAC, just avoid it.”

“I think the Raptor three will look like where somebody, a sponsor like me, Rolls everything up into one thing so that it's already pre-wired from the beginning where I'll just speak to a 1,000,000,002 1,000,000,003 billion, whatever it is, flexible capital tha…”

“Only a five billion dollar drawdown for me between those memories.”

“And this was the right avenue for us for sure.”