2min chapter

My First Million cover image

The 2021 Milly Awards

My First Million

CHAPTER

How Much Does a Promoter Make on a Spack?

Bloomberg misreported us as a spack. We did something called a reverse takeover, which is kind of like a spack but instead of having a spack where the the sponsor gets 20 %, they're getting like, point zero, one percentage of your business. So if you have a billion dollar company, you're literally saying, i'll give you 200 million dollars to take me public. And with a spack you can show projections, which is really, really valuable for groth company. It's igt, this was a good episode, i think. I feel like ta cro wer know, what could be. Wot o wot put my od in ind it

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