Gerstner argues Altimeter's SPAC approach takes companies public faster by acting as owners rather than agents.
“We don't act like agents, we act like owners. We're totally aligned with you. So I mean, we can get you public in a fraction of the time,”
Gerstner proposes putting up 10 to 15 million dollars to build Invest America proof of concept.
“Let's, you know, let's let's put up $10.10, $15,000,000. Let's distribute it to families, $2,000 at a pop. Let's build a proof of concept, hire a great CEO.”
Gerstner states 70% of American families will never have an investment account or share in upside.
“70% of families in America don't have and will not have an investment account. They will not have skin in the upside of America. That's bad for all of”
Gerstner says 70% of Americans don't participate in market upside and less than half under 40 favor capitalism.
“They don't have accounts that compound. They feel left out. They feel left behind. Less than half of people under the age of 40 have a favorable view of capitalism.”
Gerstner argues going from zero to something is a bigger move than going from one to five.
“But going from nothing to something. Yes. Going from zero and the prospect of zero your whole life to one, that is a far bigger move than going from one to five.”
Gerstner says children should build ownership stakes in their futures and California is leading this effort.
“Every child should have the chance to build an ownership stake in their future. This is a simple, yet transformational idea that is bringing people together across the country, and California is leading the way,'”