The Razor’s Edge
The Razor’s Edge
Shortman Studios
#36: SPACs and COVID Winners with Shift Technologies Co-CEO, George Arison
53 minutes Posted Jan 5, 2021 at 9:00 am.
minute mark – Background on George and on Shift
– Where does the value add or competitive advantage come in?
– What the “value” part of the used car market looks like
– How Shift interacts with/competes with dealers
– What 2020 has looked like for Shift
– How the go-public plan shifted for Shift in 2020
– The SPAC fit and the questions raised
– What do SPAC negotiations look like?
– Surprises in the public market
– Planning for 2021 after the COVID rush
– What about the COVID hangover
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53:54
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Show notes
Happy new year! We kick 2021 off on the Razor's Edge by looking at a couple of the biggest trends from 2020 – COVID market distortions and SPACs. Our guest is George Arison, Co-CEO of Shift Technologies, an online used car seller. Used cars were a surprisingly hot market in 2020, in part spurring Shift to move up their calendar to go public by a year. They went public via a SPAC. So our conversation centers on the two topics; how wild was 2020 and how do you plan for the following year; and why go public with a SPAC and what was that like?
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