Apps and SPACS- by NEIL SISKIND

  • A friend of mine wanted to develop an App. I explained to her that and app is an online business. The App doesn’t make money- the underlying company has to make money. The app is just a “method” of use. Same for SPACS. A SPAC is a “method”. It’s not a business. The underlying business has to be good. People hear these buzzwords and forget that these “methods” of doing things have to have good businesses underneath them. These are just methods of getting the service or the shares to users and investors. You can’t build or invest in a general “method”. There has to be a good business model and plan beneath it.

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