SPAC

“We ended up writing a variable-sized convertible preferred with warrant coverage, and so we were willing to put in up, and we brought in partners up to Two hundred and ten million dollars, but the company could reduce that amount to the extent that the SPAC mo…”

“I have an ambition to launch an equivalent platform focused on biotech. And we're exploring the idea of launching a whole suite of ETFs.”

“And I think SPACs aren't going away. And so I think there's even more competition. So I just think there's just one overarching fact here is returns have to go down. They just have to.”

“SPAC, SPAC, SPAC. We are launching. I don't know how many SPACs we've launched. Bajillions. I'm on the board of a SPAC. So the SPAC thing is massive.”

“Over the intermediate term, my anticipation is that companies will now have greater choice if they want to raise a late stage growth round with someone like a soft bank or they want to tap the public markets. So it is in some way a form of substitution Of capi…”

“At some point in time, you'll probably see some announcement about Vista has embarked on a deal in one form or another involving a SPAC, but we look and they are an interesting way to participate in the public markets in a shorter period of time than a traditi…”

“I think people are going to embrace them for some period of time, and then I think there's going to be some disappointments and potentially some regulatory changes, which we're starting to see the beginning of. Which I think are going to change the attractiven…”

“By being in this market, we're not adding any work because we're already in these verticals. We're already talking to these companies. We're already interfacing with them. This is what we do. This adds value to our core business, and it makes us more informed …”

“The outcome of this will be as the two year anniversary of those SPACs births comes around, they would get desperate and they will start cutting their promotes 25, 50, 75%, just so they don't lose the sponsor equity capital they put up. So it's going to be a b…”

“And SPACs will not be the next innovative solution. They were just far too maligned from the last cycle, but it is a potential exit route for certain companies.”