Are Niccolo de Masi and dMY the Real SPAC Kings?

by | Sep 13, 2021

Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha’s David Drapkin about why they are at the top of the SPAC sponsor tables, how bad actors are stealing value from everyone else in the SPAC market, and why dMY is “long-term greedy.”

Discussion Topics

  • Intro w/ Niccolo 
  • dMY Overview and value add
  • Why dMY’s deals have been successful 
  • SPACs, targets, and projections from bad actors
  • Transitioning from private to public
  • Involvement in PF company boards
  • Future of the SPAC market
  • What’s next for dMY

This is the first of two special episodes with Niccolo. We’ll soon be publishing a second discussion with Niccolo on why quantum computing and IonQ are the next big thing.

About Niccolo de Masi (CEO of dMY Technology Group)
Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.

He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.

Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.

From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.

Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.

Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.

Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.

For more on dMY Technology group visit their website at: https://www.dmytechnology.com/

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