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FP&A For Startups - with Jake Luerkens and Connor Frischmeyer, Auxo Partners
FP&A Today
The Spec Wave: A Different Mechanism for Going Public
The spec it's often referred to as like a shell company and so what happens is a group of investors operators that get together, they go out in the public market and raise a ton of money. They essentially gets held sort of in an escrow account for a set period of time I think it's typically two years. And effectively at that point they've raised the money they have this big pile of cash sitting there they need to go find a company to acquire which kind of merges together with the spec and becomes kind of a publicly traded company. There is this huge spec wave a couple years back that my instance kind of fell into where specs were super hot they were happening all the time
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