3D printing. printing. What does J-Cal know about 3D printing? I know nothing. All I know is that Rick

Follip is one of the great human beings I've met in my life. As a human being, as a technologist, and as a leader of companies.

And I am so delighted to have my good friend Rick Philip

on the program to talk about Desktop Medal

because Rick just spacked desktop metal.

When did people start approaching you about the spack?

When did you, and then how did you make the decision to pick a SPAC and explain to people just generally what is a SPAC?

Like just like you explain the first two processes? So a SPAC is a special purpose acquisition company and it's a model where somebody, they call it a promoter or a, you know, manager? a spec, will go out and raise capital and build a,

strategy around that and go and find a company or they can go and acquire after the

stack is a public realistic company.

So you raise capital, you put it in a trust, you pay, you know, some, you know, small interest return to those investors and then that manager will go out and search for a period of a year or two years or whatever period is,

he'll go search for a company.

And so that there's approximately $30 billion worth of SPAC capital in the market right now.

Incredible.

An increase from last year and increase from the year before.

And it's been a while since this has existed.

In the past, the people that did us back or raised us back

or also known as a blank check company,

there were quite rare and you didn't see you didn't see high quality folks

attached to them. What's really changed is since Jamath got involved he has

raised the quality of the people that are doing it and you have

people now that are very high quality managers executing the strategies.

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