Altimeter’s Brad Gerstner on taking Grab public in largest SPAC ever, fixing broken IPOs | E1203

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 23 April 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crossover technology investor Brad Gerstner discussed Altimeter Capital taking Grab public in the largest SPAC ever (38:55), why the IPO process is broken and how to fix it (12:55), and the responsibility of people with platforms to encourage responsible retail investing (22:12). As well as, how $2000 for every American invested in the public markets at birth would display the power of capitalism to improve lives (50:50) and more!

Transcript

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0:00.0	This week in Startups is brought to you by
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0:50.2	Get $2,000 off your first year by going to SecureFrame.com slash offer slash twist.
0:57.2	Hey everybody, welcome to this week in Startups really excited about today's guest.
1:01.2	He's a capital allocator. He's doing amazing things in the world, including the largest SPAC in history.
1:08.2	Nope, not Chimoff. Another bestie, Brad Gersoner is here. Welcome to the pod, Brad from Altimeter Group.
1:14.2	We're Altimeter Capital, right?
1:16.2	Altimeter Capital, so I can be here.
1:18.2	So let's get right into it. You've been a fan of the Uber and on-demand economy for a while.
1:23.2	You and I talked about this, and I think you have a pretty big Uber holding. Is that correct?
1:28.2	We do. We do.
1:29.2	And you were in that when it was a private company.
1:31.2	We were.
1:32.2	And then I see you raise a SPAC.
1:35.2	And then I see news two weeks ago, Altimeter is taking grab public.
1:42.2	Give us the broad strokes about your thesis on this deal and how you decided to do a SPAC to begin with.
	...

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