Orlando Bravo Ready to Double Down on SPACs

The transcript discusses the decision-making process behind Iron Source's choice to go public via a SPAC with Orlando Bravo's team. It highlights Iron Source's impressive financial growth and market position, the virtual nature of their partnership during the pandemic, and the strategic reasons for choosing a SPAC over a traditional IPO. Orlando Bravo shares his perspective on the SPAC business and future plans.

What was the main reason for choosing Orlando Bravo's SPAC?

• The lack of other SPAC offers

• The need for immediate cash

• The company's financial struggles

• The alignment of values and vision

What makes Iron Source stand out as a software company?

• Its focus on hardware development

• Its low profitability

• Its small market size

• Its strong financial performance and management

How did the pandemic affect the partnership formation?

• It required building relationships virtually

• It hindered the development of any partnerships

• It had no impact on the process

• It made in-person meetings more frequent

What was a key factor in successfully forming a partnership virtually?

• Frequent in-person meetings

• Shared values and alignment of interests

• Relying solely on written contracts

• Avoiding any form of communication

Why did Iron Source decide to go public through a SPAC?

• To remain a private company

• To gain public currency and visibility

• To avoid market consolidation

• To reduce transparency

What is the focus of Orlando Bravo's private equity business?

• Full control deals for private companies

• Companies that want to go public

• Investing in real estate

• Short-term investments

What is the future plan for Orlando Bravo's SPAC business?

• To stop creating new SPACs

• To focus solely on real estate

• To continue creating SPACs due to positive experiences

• To merge with another SPAC