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The SPAC trash ticker is counting down – geniushark


Hi and welcome again to Fairness, geniushark’s challenge capital-focused podcast, the place we unpack the numbers at the back of the headlines.

This week had the entire team aboard to file: Grace and Chris making us sound excellent, Danny to offer levity, Natasha to if truth be told recall information and Alex to divert us from staying on subject. It’s teamwork, other people — and our transitions are evidence of it.

And it’s excellent that we had everybody across the digital desk, as there used to be rather so much to get via:

  • The staff felt a wide variety of how in regards to the Amazon-MGM deal. A few of us are extra sure than the remainder, however what gists out from the transaction is that for Amazon, the acquisition worth is discreet and the corporate is famously enjoying a supposedly long-game. Let’s see how James Bond suits into it. Alex receives 4 issues for now not citing F1 due to the Bond-Aston Martin connection.
  • Turning to the SPAC recreation, we chatted in the course of the contemporary Lordstown Motors income effects, and what we will be able to parse from them relating to blank-check corporations, guarantees and truth.
  • After launching final June with simply $2 million, Collab Capital has closed its debut fund at its goal purpose: $50 million. The Black-led company invests solely in Black-led startups, and were given tests from Apple, PayPal and Mailchimp to call a couple of. We discuss this feat, and word a couple of different Black-led challenge capital companies making waves within the trade in recent years.
  • We Resolved our transition puns and in the end spoke in regards to the Confirm spin-out, which raised $60 million in a investment spherical for BNPL for companies. There are larger questions there across the accessibility and level of BNPL, and if it’s actually re-inventing the wheel or simply repackaging it with more practical UX.
  • Subsequent up, we were given right into a can of worms about the way forward for conferences due to Rewatch, which raised a $20 million Sequence A this week led via Andreessen Horowitz. The startup is helping different startups create inner, non-public YouTubes to archive their conferences and any video-based comms. Shall we best spend a 2d in this, so if you wish to have our longer ideas within the type of textual content, take a look at our 3 perspectives at the subject on Further Crunch! (Cut price Code: Fairness)
  • From there we had Interactio and Fireflies.ai, two extra startups which are tackling the complexities of conferences within the COVID-19 technology, and no matter comes subsequent. Each not too long ago raised new investment, and Alex introduced up Kudo so as to add another upstart to the combination.
  • Noom, a weight reduction platform, bulked up with $540 million in investment after just about doubling its income from 2019 to 2020. The pandemic has made many of us acquire weight, however we chunk into why Noom’s second may well be at this time after a decade within the works.

Thank you for striking out this week, Fairness is again on Tuesday with our standard weekly kickoff, due to the American vacation on Monday. Chat then, until you wish to have to follow us on Twitter and get a first-look in any respect of Chris’ meme work. 

Fairness drops each Monday at 7:00 a.m. PST, Wednesday, and Friday morning at 7:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and the entire casts.



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