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Shift: A podcast about mobility

VectoIQ’s Steve Girsky on SPAC-tacular success (Episode 53)

Shift: A podcast about mobility

Automotive News

Business

4.637 Ratings

🗓️ 3 August 2020

⏱️ 41 minutes

🧾️ Download transcript

Summary

The current managing partner at VectoIQ and former General Motors vice chairman discusses the advantages of taking a company public via a Special Purpose Acquisition Company, how he wound up choosing Nikola as a SPAC partner, and his plans for the future.

Transcript

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0:00.0

Hi everybody. Welcome to Shift, podcast about mobility. I'm Pete Bigelow,

0:12.4

reporter at the Automotive News and your host.

0:15.2

And I'm Alexa St. John, covering tech and suppliers.

0:18.7

Joining us in just a few minutes on the podcast today is Steve Gersky. Steve is the managing partner at

0:24.9

Vecto I. Q. Board member at Nicola Corp. and the former vice chairman of

0:30.9

General Motors.

0:32.6

He is going to walk us through the new appeal of special purpose acquisition companies

0:38.9

in the Transportation Technology world.

0:42.2

As many of you know he just led the successful merger with

0:46.1

Nicola. Really exciting stuff I am happy to have him on the podcast today but

0:52.0

first Alexa a lot of busy, a lot of news this week in the automated

0:57.2

vehicle realm. We had the Automated Vehicle Symposium, the annual kind of gathering this year virtual

1:05.0

of some of the, you know, most important people in the industry

1:09.1

in academics and government to discuss the state of affairs.

1:13.0

I know you tuned into that.

1:15.0

What, what did you learn?

1:18.0

Well, I had some good takeaways, as you said,

1:20.0

you know, we had a fairly diverse group of panelists this year in terms of some representation

1:28.0

from US DOT, venture capitalists, others in the industry.

1:34.1

I was, I think most interested in the VC conversation

1:38.3

that we listened to on Tuesday.

1:41.3

We had some venture capitalists talking about what sort of challenges they're facing,

...

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