#130: Founder & CEO of Shift (SFT), George Arison on going public via SPAC, an Industry Outlook on the future of online car buying

Summary

In this episode of the Intelligent Investing Podcast, I sit down with the Founder & CEO of Shift (SFT) which went public recently via a SPAC.

Show Notes

1:29: Background On George Arison3:50: Getting into the automotive space4:39: The Auto Financing Market10:16: Starting Shift13:49: Company Growth15:16: Disruption in Cars16:20: The Traditional Dealer16:26: Carvana vs Shift18:49: Older cars are a huge part of the used car market19:10: "How do you look at internal rate of returns?"19:26: "it's a kind of a land grab situation"20:31: "what the business looks like at scale"27:02: "select dealers that we want to work with that have really high-quality inventory, high-quality service."27:15: "a win for the dealership."30:21: "how do you fund the growth right now?"31:44: SPAC investing33:16: "SPAC investors might actually get really burned if they're just buying a bunch of things that seem very sexy."33:51: "There's been many, many, like over a hundred SPACs. I don't know how they're going to find deals."34:53: "what investors should be looking for when they look at SPACs"

About Eric Schleien

Over the past decade, Eric has trained thousands of individuals including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry.

Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less.

Eric currently resides in Philadelphia, PA.

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