RSM tech connection: Special edition
A fireside chat with Steve Murray of Revolution Growth and DraftKings
RECORDED WEBCAST |
SPAC: the hottest four-letter word. According to SPAC Research as of Sept. 23, 2020, this year has already seen 110 new SPACs—up from 59 throughout all of 2019. In fact, “blank-cheque” IPOs have already raised more than twice as much capital in 2020 as in 2018 and 2019 combined.
The goals of an SPAC are similar to those of a traditional IPO, but an SPAC offers a simpler and expedited path to the public market—and has attracted some big names, including DraftKings.
Hear from Steve Murray, managing partner at Revolution Growth and audit committee chair for the DraftKings, about the risks, complexities and challenges associated with SPACs and why they’re gaining popularity.
In addition, Silicon Valley Bank will provide an update on the state of SPACs as well as the latest insights and trends.
Steve Murray is a managing partner at Revolution Growth. Steve joined the Revolution Growth team as a partner in 2016 with over 25 years of experience in high-growth technology businesses. He joined Revolution from Softbank, where he worked for nearly 20 years with some of the most important technology companies of our generation: Yahoo, E*TRADE, GeoCities, GSI Commerce, Alibaba, Fitbit, Kabbage and many others.
Steve is currently on the boards of Revolution Growth companies BigCommerce, Convene, DraftKings, Glowforge, Interactions and Tala. He is also a board observer at Tempus and Uptake.
Do you know how SPACs work?
View our brief video to learn more about SPACs and how they work.