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Can you talk more or provide a link about what's going on with Aspiration? All I was able to find is that they're going the SPAC route, would like to understand
by 1986 5y ago
Can you talk more or provide a link about what's going on with Aspiration? All I was able to find is that they're going the SPAC route, would like to understand more about any specific sketchiness.
- matwood 5y agohttps://www.profgalloway.com/jumping-the-spac/ https://www.profgalloway.com/jumping-the-spac/ Over in reality, the company’s operations burned $34 million in 2020, and they’re projected to burn $133 million in 2021. In the rest of the deck, Aspiration refers to its “EBITDAM profitability this quarter” and then uses EBITDAM throughout its financial analysis. Which is rich for a company whose entire (projected) profit model is dependent on explosive customer acquisition, which (to date) has been really, really expensive. And I just love comments like this hah This is a firm that registered less than $15 million in revenue last year. PayPal makes $15 million in revenue every five hours. It’s less than most NFL starting quarterbacks made in 2020 — Leo’s former girlfriend’s husband made over twice that.