Gerstner notes US is only 14% of China's exports and 3% of China's GDP.
“The US only represents about 14% of China's exports. The US only represents about 3% of China's GDP.”
Gerstner cites Morgan Stanley forecasting carbon offset spending rising from $2 billion to $100 billion by 2030.
“In 2020, Morgan Stanley estimates that about $2,000,000,000 was spent on the carbon offset market, and by 2030 they expect that to be $100,000,000,000 by these large hyperscalers that have to buy these massive carbon offsets.”
Gerstner explains SPAC costs are borne by SPAC shareholders through share dilution, not by the company going public.
“All the costs are borne by the shareholders of the SPAC who gave us part of their shares when we set up the SPAC as a finder's fee for helping them invest in a world class company.”
Gerstner describes SPAC fee structure where shareholders pay via dilution, similar to VC fund economics.
“I mean, it's very similar to our VC funds where we get paid for helping our investors invest in companies like Snowflake.”
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