SilverBox Takes Unique Approach to SPACs

SilverBox's focus on profitability pre-dates the SPAC boom-and-bust.

“There are probably some great ideas that should be funded, but they shouldn't be funded in the public markets,” says Joe Reece, SilverBox's co-founder and co-managing member. “We're not venture capitalists. We're happy to bet on execution but we won't bet on technology. We won't fund things that are unproven.”

Reece goes on to explain that the team's ideal is either profitable or has positive EBITDA, however they will consider companies that don't meet this target if they can verify a genuine path to profitability. Read more.

Source: SilverBox Takes Unique Approach to SPACs