How cloud-tech companies are leveraging SPACs to fuel growth has been saved
How cloud-tech companies are leveraging SPACs to fuel growth
Part of the For Cloud Professionals podcast series
Some investors see cloud-tech startups as too risky. Enter SPACs—special purpose acquisition companies. They may be more comfortable with risk than traditional institutions, and they're helping drive growth opportunities.
SPACs—what they are and how they're fueling a cloud-tech growth boom
How do cloud-tech companies make the journey from hot startup to hot growth? For a growing number, it’s through a SPAC, or special purpose acquisition company, because SPACs may be more willing to make investments that more traditional investors see as risky. In this episode, David Linthicum and Deloitte & Touche LLP’s Barrett Daniels discuss how a SPAC works and how some companies leverage SPACs to help them raise capital to grow. Barrett’s advice: get your finances and financial tools in order, get the right team in place, get ready for the auditors, and make a strong case. Barrett also thinks it’s a good idea for companies to find an experienced, knowledgeable service provider to help guide the SPAC journey.
SPACs are going after companies that are a little less mature and a little earlier than what we've been seeing in the IPO space.
Barrett Daniels is a Partner based in San Jose and is the US IPO Services Co-Leader and West Region SPAC Leader for Deloitte & Touche LLP. He has over 20 years of experience providing IPO and other transactional advisory services, including assistance with over 50 IPO and other listing projects.
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