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  • Tricks

OPTO Sessions Howard Lindzon’s Social Leverage SPAC

Returning to Opto Sessions is Howard Lindzon, founder and managing partner at Social Leverage — an early-stage seed investment fund that counts names such as RobinHood, eToro and Rally Road among its many success stories.

However, what Lindzon is perhaps more well known for is being the founder of StockTwits, the hugely popular online community of investors. His incredibly popular blog is also a must read for anyone keen on investing insights.

In this week’s episode, Lindzon discussed something different — his new $340m special purpose acquisition company (SPAC), Social Leverage Acquisition Corp I.

 

Listen to the interview:

Apple Podcasts

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“We feel that there’s just way more public company potential out there than there are right now, and demand for great, unique growth companies like the Peloton’s of the world,” Lindzon told Opto Sessions. “No one thought Peloton could be a $30bn company, especially when it became public.”

Lindzon went on to provide some insight into what he thought makes a great public company. “A great founder, always, and a market that’s bigger than most people think — whether through acquisition or through your core product and growth,” he explained.

“We feel that there’s just way more public company potential out there than there are right now, and demand for great, unique growth companies like the Peloton’s of the world”

 

“We have just as good an eye, we think, as the banks,” he considered. “We’ve already seen this — the hedge funds and investment funds have allocated $340m for us to do the same thing,” he added.

“We’re trying to spot shooting stars in founders that are misunderstood, in markets that are miscalculated — and we’ve seen that in the cloud. So, we’ve been trusted to do the same thing,” Lindzon said.

 

To find out more about Lindzon’s SPAC, as well as why blank-check companies, in general, are exciting, listen to the full episode here.

 

Or for more ways to listen:

 

Listen to the full interview and explore our past episodes on Opto Sessions.

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

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