Know Who Drives Return
Boardroom Alpha's team talks to the public company and SPAC leaders that are driving return for shareholders, delivering on ESG promises, and more.
Is Planet Labs (PL) Ready for Primetime as it Goes Public via DMYQ?
Is Planet Labs (PL) Ready for Primetime as it Goes Public via DMYQ?
Earth Data company Planet Labs is going public thru dMY Technology IV (DMYQ) via a SPAC transaction. Founder and CEO Will Marshall, CFO Ashley Johnson, and dMY CEO Niccolo de Masi join us on the podcast to discuss Planet's prospects and the SPAC transaction. Planet touts itself as the only company in the world that has the ability to do full daily earth scans, sometimes even twice a day. One can think of Planet as the "Bloomberg Terminal" for Earth data - allowing the consumer to consume their satellite imagery via their own computers. Planet serves numerous industry verticals and has aims for much more, and operates on a data subscription business model. Key Takeaways:Not a "satellite company" --> Planet owns the raw satellite data that enables Planet and customers to create value-add data/analytics/services on topDe-risked technology (i.e. launched 200 satellites) and product-market fit (i.e. $100m revenue / +700 customers)Subscription data business w/ strong renewal rates and account growthGoogle partnership -- Google outsources to them, sold their satellites to Planet, and now sells a bundle of Planet + Google CloudCapital raised will enable sales and marketing -- team believes this is the key limiter on growth at this pointProduct led by Kevin Weil --> previously at Facebook, Instagram, and TwitterStrong, serial sponsor in dMY Technology
CUBI: New Customers Bank CEO Sam Sidhu on Digital Assets, Crypto Banking, and Leadership
Sam Sidhu is the new President and CEO of tech-focused regional bank Customers Bank. He joins the podcast to discuss the bank's digital-first mindset and crypto.Discussion TopicsSam Sidhu - Career BackgroundCustomers Bank Overview, "hi-touch hi-tech"CUBI stock on the rise, what is the reason?PPP leader and what it means for futureCrypto strategy and real-time paymentsTechnology partner TassatPayWhat are competitors doingCrypto currency and retail bankingESG strategy for Customers BankReflections as a new CEO, and management successionWhat to look out for at Customers BankAbout Boardroom AlphaBoardroom Alpha provides ratings, analytics, and context on US public company directors, CEOs, and CFOs. Learn more at www.boardroomalpha.com.
Nov 22 2021
Super Group / SEAH Aim for Global Online Gaming & Betting Wins, with CEOs Neal Menashe and John Collins
SPAC SEAH is taking Super Group public in a $4.6B deal that investors are hoping will close in the 4th quarter of 2021. Listen in to learn more about John and Neal's backgrounds, why Super Group may be the right bet for investors, and their expectations on deal close timing, what will happen with warrants, and more.John and Neal's career historiesOverview of Super Group's BusinessUS growth ambitionsPlaybook for entering new markets/productsNBA, NFL and thoughts around partnerships Strength of Betway brand, West Ham and Ted LassoCompetitive landscape, why invest in Super Group?Customer acquisition strategy, MAUs, and promotionsSPAC deal, UOP, financing, and closingM&A or potential acquisition target?Social media and the retail investor crowdSEAH as sponsor, alignment, and warrantsTech and data capabilities Biggest risk to execution?Metaverse and e-sportsParting wordsBoardroom Alpha's SPAC ServiceFor ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.
Nov 5 2021
Wejo CEO Richard Barlow on why Connected Vehicle Data is the Future (SPAC: VOSO)
Data veteran Richard Barlow joins the podcast to discuss why he founded Wejo and the prospects for the company amid what he expects to be a boom in connected vehicle data.Connected data company Wejo was founded in 2014 by CEO Richard Barlow, a data veteran and motorsport enthusiast. Wejo collects millions of data points from an ever growing fleet of connected cars which enables numerous use cases including helping smart cities manage traffic and more. Wejo agreed to go public via Virtuoso Acquisition Corp (VOSO) in a deal giving them an enterprise value of $800M.Listen in to learn more about Wejo, how Virtuoso (VOSO) is accelerating them, and why investors should be excited.Boardroom Alpha's SPAC ServiceFor ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.
Nov 3 2021
Codere Online (SPAC: DDMX) and the Gaming / Betting Landscape in LatAm
Martin Werner, CEO of DD3 Acquisition Corp II (DDMX) and Moshe Edree of Codere Online join David Drapkin to discuss their SPAC transaction and the future of gaming in LatAm.Codere Online is the online gaming/gambling arm of parent Codere Group. Codere online is going public via DD3 Acquisition Corp II (DDMX) in a $350M EV transaction announced in June this year. DDMX shareholders are gearing up for the vote which was just announced for November 18th. DDMX CEO Martin Werner, former head of Goldman Sachs Mexico, and Codere's Moshe Edree join us on the podcast to discuss the deal and why LatAm is the next frontier for growth in online gaming + gambling. This is the second SPAC from the DD3 team, having previously led the successful acquisition and De-SPAC of Betterware a Mexico-based D2C company.
Oct 29 2021
ESG, Diversity & Activism with Olshan's Elizabeth Gonzalez-Sussman
Now more than ever Environmental, Social & Governance (ESG) are top of mind for management teams. Olshan partner Elizabeth Gonzalez-Sussman sits down on our podcast to discuss many of these trends, and what companies should be focused on. We touch on activist investors, racial equity audits, and how a little known agitator in Engine 1 successfully won a proxy battle against behemoth Exxon Mobil. Elizabeth is an expert in her field and provides valuable insight on not only what's trending but how we can all do better to push the ESG, in particular diversity, agenda. Topics DiscussedIntro to Elizabeth + OlshanDiversity mandates for public company boardsAre mandates or other methods more effective?Racial equity audits + company dynamicsFuture of disclosure at the SECHow do we get get better at promoting underserved talentTrends in Activism in E + SActivist vulnerability, and XOM / Engine 1ESG Funds and greenwashingNegotiation tacticsRetail investors and effect on activist situationsAbout Elizabeth Gonzalez-SussmanElizabeth represents and provides strategic guidance to hedge funds and other large investors in shareholder activist situations, including large stock accumulations, behind-the-scenes engagements, letter writing, ESG-focused campaigns, exempt solicitations, submitting shareholder proposals, negotiating settlements, proxy contests, hostile takeovers and other activist related M&A activity. She also advises individual directors and management teams in board disputes at private and public companies. Recent representations have included negotiated settlements by various investor groups at Kohl’s Corporation, Bed Bath & Beyond and Big Lots, successful proxy campaigns by investor groups at EQT Corporation and GameStop Corp., and the successful unsolicited acquisition of Perry Ellis International by its founder George Feldenkreis.Elizabeth also assists both public and privately-held companies in mergers and acquisitions, capital raising transactions, tender and exchange offers, and general corporate and securities law matters, including SEC reporting and corporate governance.Prior to joining Olshan, Elizabeth practiced in the corporate finance group of O'Melveny & Myers LLP and in the corporate group of Paul, Hastings, Janofsky & Walker LLP.Learn more about Olshan: https://www.olshanlaw.com/
Oct 26 2021
CompoSecure / DBDR Going Beyond Metal Cards into Crypto w/ CEOs Jon Wilk & Don Basile
CompoSecure is going public in a $1.2B deal with the Roman DBDR Tech Acquisition (DBDR) SPAC. CompoSecure is a leading metal card company with significant revenue, great margins, and great partners. With their move to go public they plan to disrupt the crypto space with their Arculus product line. Listen in to hear why CompSecure CEO Jon Wilk and DBDR CEO Dr. Don Basile believe that the metal cards business is still in the early innings and their move into crypto will pay off for investors. Discussion DetailsJohn Wilk's career history Don Basile's career + what happened at ViolinCompoSecure business overview metal cards + cryptoGrowth in metal credit cards? Will people want these?Are you going to face margin pressure?Risk of the crypto business going forward Arculus launch update, and does interest move with Crypto?Entry into new markets such as gaming and tradingSale vs. IPO vs. SPACWhy did Roman DBDR choose CompoSecure?Investor base and capital structure Leadership team in place
Oct 22 2021
DWAC and Trump / TMTG Make SPACs Great Again
In this quick hit episode, David Drapkin talks to Matthew Tuttle from Tuttle Capital on the unprecedented action in DWAC as it breaks all SPAC and MEME records following its announcement to merge with Trump Media & Technology Group. Not even during peak SPAC mania have we seen anything like it. Will it bring back much needed attention to the asset class?
Oct 22 2021
Inspirato's CEO, Brent Handler, on their $1.1B SPAC Deal with Thayer Ventures (TVAC)
Inspirato is going public in a SPAC deal valued at $1.1B with Thayer Ventures Acquisition (TVAC). Inspirato's CEO, Brent Handler, and CFO, Web Neighbor, join Boardroom Alpha's David Drapkin for a deep dive on Inspirato and the deal.** Get your Know Who Drives Return SWAG **Discussion DetailsInspirato - OverviewClub and PassWhy public now and why SPAC?Why Thayer?Travel and COVID affectsGrowth prospects Inspirato valuation Capital Structure Life as a public companyCompetitorsFavorite placesAbout Inspirato (https://www.inspirato.com/)Launched in 2011, Inspirato is the innovative luxury travel subscription brand that provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure the service and certainty that affluent customers demand. The Inspirato Collection includes branded luxury vacation homes available exclusively to subscribers and guests, accommodations at five-star hotel and resort partners, and custom travel experiences. In 2019, Inspirato improved travel by introducing Inspirato Pass, the world's first luxury travel subscription inclusive of nightly rates, taxes, and fees.
Oct 19 2021
Vacasa's Matt Roberts on their SPAC Deal with TPGS
Vacasa's CEO Matt Roberts joins David Drapkin to discuss what makes Vacasa a compelling addition to investors' portfolios as it goes public via SPAC. Vacasa is a vacation rental management platform that is going public via TPG Pace Solutions (TPGS) in a $3.7 billion EV deal that was announced this summer.More on Vacasa: https://www.vacasa.com/More on TPG Pace Solutions (TPGS): https://www.tpg.com/pace-solutions Discussion DetailsMatt Roberts - Career HistoryOverview of Vacasa's business Vacasa vs. BKNG, EXPE, ABNBCovid tailwinds in travelWhat does second home supply look like?Growth prospects Why go public now, and private to public transitionCFO Jamie Cohen and Vacasa's Leadership Why SPAC vs. other capital market routesValuation in context Partnership with TPGWhat's Matt most excited about
Oct 14 2021
Deep Dive on the Aurora + RTPY SPAC Deal w/ Chris Urmson and Michael Thompson
Aurora CEO Chris Urmson and Reinvent's (RTPY) Michael Thompson join David Drapkin to talk self-driving technology, why Aurora is setup for success, and the overall SPAC market. Aurora / Reinvent just announced their shareholder vote on the deal is happening on November 2nd. Reinvent Technology Partners Y (RTPY), is a special purpose acquisition company (SPAC) led by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. More on Aurora: https://aurora.tech/ More on Reinvent: https://www.reinventtechnologypartners.com/ Discussion DetailsOverview of Aurora and its technology, partnershipsWhy public now vs. an additional private roundWhy Reinvent, process of finding a SPACSponsor alignment with public shareholdersKeys to success as a public company2023 Truck launch and go-to-market strategyWhy Aurora vs. a GM or Waymo?Valuation in context vs. Peers and latest raise?Telling Aurora's story to the publicCapital structure of the company post closeReinvent as a SPAC sponsor - picking SPAC targetsFuture of the SPAC market from a sponsor perspectiveBiggest Risk for Aurora
Oct 12 2021
Okapi's Bruce Goldfarb on Activism, the Rise of Retail, AMC, and SPACs
Bruce Goldfarb, CEO and Founder of Okapi Partners joins David Drapkin on the Know Who Drives Return podcast. Bruce goes deep on what he's seeing in recent proxy seasons, contested M&A, SPACs, AMC, and whether retail investors are good for the markets.Discussion DetailsWho is Okapi Partners?Themes of the current proxy seasonContested M&A situationsGetting SPAC deals passed, and retail investor baseRetail, reddit, and the individual investor dynamicAMC, Adam Aron and new retail strategyAre retail investors good for the markets?Director selection in activist situationsBruce Goldfarb BiographyBruce Goldfarb is Founder, President and Chief Executive Officer of Okapi Partners. He works closely with a wide range of clients including corporations, mutual funds, activist investors and shareholder groups as well as private equity sponsors and hedge funds, in solicitation and investor response campaigns. He focuses on proxy solicitation strategy, execution for mergers and acquisitions, proxy fights and other extraordinary transactions.Prior to establishing Okapi Partners, Bruce was the Senior Managing Director and General Counsel of Georgeson Inc. (now a subsidiary of Computershare Limited), where he headed the Global M&A Advisory Group.Before entering the proxy solicitation business, Bruce was a Senior Vice President of the investment management firm, Scudder, Stevens & Clark, now a part of Deutsche Bank’s Asset Management unit. He joined Scudder as a member of the Legal Department where he concentrated on transactions, including those involving mergers and acquisitions, international matters, alternative investment vehicles, off-shore funds and closed-end funds. Bruce also served as an executive officer of various closed-end funds advised by Scudder. He was the Chairman of Scudder’s Proxy Review Committee and served as the point person for the Scudder Funds proxy solicitation effort relating to the acquisition of Scudder by Zurich Financial Services Group.Bruce began his career as an attorney at Cravath, Swaine & Moore, where he worked for more than six years, specializing in corporate law, mergers and acquisitions, securities transactions and international matters.Bruce holds a J.D. from the Columbia University School of Law. He also earned a B.A. in the History of Art from the University of Pennsylvania concurrently with a B.S. Economics with a concentration in Finance, from the Wharton School.
Oct 11 2021
SPACs for the Long-Term with True Wind Capital's Scott Wagner & Tom Hegge
True Wind Capital's track record as a SPAC sponsor is about as good as it gets. Open Lending Corp (LPRO) is an absolute rock star deSPAC up over 240% since IPO, Rover (ROVR) is up 30% since IPO, and there is more on the way from them with Bilander Acquisition (TWCB) looking for a deal and 3 more in the queue to IPO.Boardroom Alpha's David Drapkin is joined by True Wind Capital's Scott Wagner and Tom Hegge. Listeners will remember Scott as the ex-CEO of GoDaddy and Tom is a long-time public market investor with private equity roots.Listen in as the three discuss the SPAC market, what makes True Wind special, and how a SPAC sponsor can successfully build a track record of taking companies public and driving return for all stakeholders. Learn more about True Wind Capital: https://www.truewindcapital.com/
Oct 6 2021
Investing in SPACs for Yield with Jonathan Browne from Robinson Capital
Jonathan Browne from Robinson Capital joins Boardroom Alpha's David Drapkin to talk about SPAC arbitrage. Robinson Capital's SPAX ETF launched in June of 2021 and is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk.Discussion DetailsIntro - Background to RobinsonSPACs as an Alternative to Fixed IncomeSPACs and Yield, Risk-FreeHow do you picks SPACs?State of the SPAC IPO MarketSPAX - the ETFWhat can reinvigorate the SPAC market?Sponsor alignment Gamma squeeze Closed end fundsJonathan Browne BiographyJon serves as a Portfolio Manager and member of the investment management team at Robinson Capital. He jointly oversees the day-to-day management of the Robinson Funds, including its investment strategies and processes, risk management, regulatory compliance, asset allocation modeling, external manager due diligence and selection, and trading. He is also responsible for overseeing the continued growth and advancement of the firm’s CEF and SPAC research efforts, which includes managing Robinson Capital’s proprietary valuation systems.Prior to joining Robinson Capital Management, Jon worked as an Associate Portfolio Manager for Federated Investors, Inc. In that role, he helped manage several income focused, multi-asset class portfolios and SMA portfolios. In addition to his portfolio management responsibilities, Jon also served as a Research Analyst, providing fundamental equity research across various industries.Previously, Jon worked for three years as a Senior Consultant at FactSet Research Systems Inc., where he developed proprietary models and streamlined investment processes for institutional investors, such as hedge fund managers, plan sponsors, and private wealth advisors.Jon holds both a B.S. and MBA in Finance and Economics from Carnegie Mellon University.Learn more about SPAX: https://www.robinsonetfs.com/Learn more about Robinson Capital: https://www.robinsonfunds.com/
Oct 4 2021
SPACs, FOMO, and Tail Risk - Matthew Tuttle Captures the Momentum
Matthew Tuttle from Tuttle Capital joins David Drapkin to talk about SPACs, FOMO, and tail risk. Tuttle Capital's thematic and actively managed ETFs are taking advantage of the SPAC craze, everybody's FOMO (fear of missing out), and protecting the downside tail risk. Listen in to learn how they do it and their latest thoughts on what's happening in the markets.Discussion TopicsIntro to Tuttle CapitalFOMOGambling vs. InvestingSPACs, and state of the marketFuture of SPACs and sponsorsFATT - Tail Risk ETFBuy the Dip?$100 in any ETFLearn more at Tuttle Capital's site: https://tuttlecap.com/Matthew Tuttle BiographyMatthew Tuttle is the Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management, LLC.Matthew is a familiar face among the financial media. He has been a frequent guest on CNBC and Fox Business and has been frequently quoted in the Wall Street Journal and Barron’s.He is the author of How Harvard & Yale Beat the Market and Financial Secrets of my Wealthy Grandparents.Matthew has an MBA in finance from Boston University.(Disclaimers: this is not investment advice. The author may be long one or more securities mentioned in this report.)
Sep 24 2021
Is Quantum Computing the Next Big Thing? IonQ & dMY CEO Niccolo de Masi Think So.
Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha's David Drapkin about why quantum computing is the next big tech innovation and how investors won't want to miss out. Discussion TopicsIntro IonQ and Quantum computing overviewIonQ's financial and strategic valueCompetitive landscapeRevenue and customer pipelineSPAC RedemptionsFinal message ahead of IonQ shareholder voteThis is the second of two special episodes with Niccolo. Hear Part I on dMY Technology here.About IonQIonQ, Inc. is the leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s 32 qubit quantum computer is the world’s most powerful quantum computer, and IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through both the Amazon Braket and Microsoft Azure clouds, as well as through direct API access. IonQ was founded in 2015 by Chris Monroe and Jungsang Kim based on 25 years of pioneering research at the University of Maryland and Duke University. Learn more at IonQ's website: https://ionq.com/About Niccolo de Masi (CEO of dMY Technology Group)Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.For more on dMY Technology group visit their website at: https://www.dmytechnology.com/
Sep 20 2021
Kyle Bransfield and Ruben Minski on the Union Acquisition II / Procaps SPAC Deal
Boardroom Alpha's David Drapkin welcomes Union Acquisition II CEO Kyle Bransfield and Procaps CEO Ruben Minski to the podcast. The deal goes to vote on September 22, 2021 and ex-redemption on September 17, so this will be one of shareholders' last opportunities to hear from the team before deciding to redeem or go long alongside Kyle and Ruben. Investors should note that ~$65M was already redeemed from trust at their extension vote in April 2021.Episode DetailsIntro to ProcapsWhy Procaps going public now?Decision to go via SPAC rather than IPO?Why Union Acquisition?SPAC history for UnionRedemptions + Capital StructurePIPE InvestorsProcaps valuationGrowth prospectsWhere are the risks?Will Union be a longterm partner?Procaps transition to a public companyWill Union continue in SPACsParting words Kyle P. Bransfield, CEO of Union AcquisitionKyle P. Bransfield is co-founder of Union Acquisition Group and has served as our Chief Executive Officer and a director since our inception. He has also served as director of Union I since November 2017 (and currently sits on the audit, compensation, and nominating and governance committees) and served as its Chief Executive Officer from December 2017 until it completed its merger with Bioceres in March 2019. Mr. Bransfield is a Partner at Exos Financial, leading the firm’s SPAC strategy. Mr. Bransfield has over 14 years of experience in direct equity and debt private markets principal investing, capital raising, and investment banking. Prior to joining Exos, Mr. Bransfield was a partner at Atlantic-Pacific Capital, leading the firm’s global direct private placement and structured investment activities from 2015 to 2019. Prior to Atlantic-Pacific, Mr. Bransfield was an investment banker in Sagent Advisors’ Private Financing Solutions Group from 2014 to 2015. Prior to Sagent, Mr. Bransfield spent five years from 2009 to 2014 as a Principal and General Partner at CS Capital Partners, a Philadelphia-based multi-family office focused on alternative investments. In his role there, he co-managed a portfolio of direct investments, served as an observer to several boards of directors, and fulfilled operating roles within portfolio companies. In 2006, Mr. Bransfield began his career in the Mergers & Acquisitions Group at Stifel Nicolaus Weisel. Mr. Bransfield received a B.S. in Business Administration from American University.Ruben Minski, Founder, Chief Executive Officer and DirectorRuben Minski, founder, CEO and president of Procaps Group, with extensive experience and recognition in the pharmaceutical industry. Chemical Engineer from Northeastern University in Boston, Massachusetts, he participated in the Owners/President Management program at Harvard University - School of Business, CEOs' II: The Next Step in Strategic Management and in the CEOs' Management Program at Kellogg School of Management at Northwestern University, USA.
Sep 16 2021
Are Niccolo de Masi and dMY the Real SPAC Kings?
Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha's David Drapkin about why they are at the top of the SPAC sponsor tables, how bad actors are stealing value from everyone else in the SPAC market, and why dMY is "long-term greedy."Discussion TopicsIntro w/ Niccolo dMY Overview and value addWhy dMY's deals have been successful SPACs, targets, and projections from bad actorsTransitioning from private to publicInvolvement in PF company boardsFuture of the SPAC marketWhat's next for dMYThis is the first of two special episodes with Niccolo. We'll soon be publishing a second discussion with Niccolo on why quantum computing and IonQ are the next big thing.About Niccolo de Masi (CEO of dMY Technology Group)Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.For more on dMY Technology group visit their website at: https://www.dmytechnology.com/
Sep 13 2021
Sarcos CEO Ben Wolff on Robotics and SPACs
Ben Wolff, CEO of Sarcos, talks to Boardroom Alpha's David Drapkin about robots, SPACs, and why investors should be looking at Sarcos as an opportunity to invest.Discussion TopicsIntro to SarcosWhy is now the time to go publicWhy a SPAC? Why Rotor?Who are your direct competitors?Sarcos' Valuation Shareholders + PIPE investors SPAC redemptionsSarcos revenue model Path to revenue projections Potential CustomersImpacts of COVIDPublic company experienceFinal word from BenAbout Ben WolffBen Wolff serves as the Chairman and CEO of leading global robotics company, Sarcos Robotics. In this role, he oversees the strategic direction of the company and engages with the company’s partners, customers and investors.Prior to joining Sarcos, Wolff served as Chief Executive Officer, President and Chairman at Pendrell Corporation from 2009 to 2014. In 2003, Wolff co-founded Clearwire Corporation, where he served as President, CEO and Co-Chairman. Clearwire was sold to Sprint in 2013 for more than $14 billion. Wolff has also served as President of Eagle River Investments, an investment fund focused on telecom and technology investments.Wolff previously served on the board of the Cellular Telecommunications Industry Association (CTIA), and is currently a member of the Board of Visitors of Northwestern School of Law at Lewis & Clark College in Portland, Oregon.Wolff earned his law degree from Northwestern School of Law, Lewis & Clark College in Portland, Oregon in 1994, and his Bachelor of Science degree from California Polytechnic State University in 1991.
Sep 9 2021