#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 Arison 3:50: Getting into the
automotive space 4:39: The Auto Financing Market 10:16: Starting
Shift 13:49: Company Growth 15:16: Disruption in Cars 16:20: The
Traditional Dealer 16:26: Carvana vs Shift 18:49: Older cars are
a huge part of the used car market 19:10: "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 investing 33:16: "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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