In 2020, nearly 200 SPACs went public raising about $64 billion in total funding, which, according to Renaissance Capital, is nearly as much as all of last year’s IPOs combined. Major brands like WeWork, Virgin Galactic, DraftKings, Opendoor, and Nikola Motor Company have all gone public by merging with SPACs. For as popular as they have become, does anyone really have an understanding of SPACs? Do we know if a SPAC is better for a startup than a traditional IPO? Well, our guest this week is Matt Meeker, co-founder of BARK and he is currently navigating the SPAC landscape.
My guest this week is Matt Meeker, Co-founder of Bark, and while the Bark’s name itself might not cause your ears to perk up in excitement for what's to come in this episode.
Bark’s various product lines are household names. Their flagship product being BarkBox, with over 1.7 million active BarkBox subscribers, BarkBox is the Premier subscription dog toy and treat service. In addition to BarkBox, Bark has various product lines that can be found in over 23,000 retail outlets. Matts entire episode is chock full of value because his journey and his experiences are so extensive.
To start with Matt was one of the digital advertising pioneers, and we discuss what digital advertising was like long before the days of Facebook ads. Matt was also a Co-founder of Meetup, which eventually sold the WeWork for $156 million in 2017. And now in 2021, Matt and the Bark leadership team are navigating the SPAC landscape to bring Bark to the public markets. As I said, Matts episode covers quite a bit of ground and I'm super pumped to bring it to you. But with that said while I know, you're excited to hear his insights into SPAC’s and all things subscription-related we need to start at the very beginning.
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