R.J Pittman: Sure. You know, as we started in, on building this platform strategy for Matterport,
weve dug in. Starting at the top of 2019, and it was a good 18 months of really, you know, creating the platform, scalability, rounding out the leadership team with the kind of people that could really, you know, set this business on an
entirely new accelerated trajectory of growth. And that was going really well, as we exited 2019 and headed into 2020 with just exceptional momentum building behind the business. Record performance across all key metrics ahead of even our best, most
ambitious forecast and plans and, you know, as good results come in from great execution. So too are the options to grow the business, right? So, we were looking very actively across a number of different choices for continuing to invest in the
scalability of Matterport from raising an internal private round to fielding a very healthy amount of interest in a traditional IPO routes, as well as you know, getting introduced to the new, but not so new SPAC option as a way to take a company
public as well. And so, what we decided to do is say look, lets not choose a vehicle for, you know, raising capital in the company. Lets look at the options with an open mind and lets see where we believe we can create the greatest
efficiency through the process. As well as create you, perhaps the best partnership that sets Matterport up for long-term success in the most efficient and effective way possible. And so, we went into the exploration on the SPAC frontier, just
completely open-minded, but rather than, you know, launch into an exhaustive SPAC interview process and bake off as many companies do, you know, we decided to just meet with a small handful of select high quality folks and get an understanding of
their views, their experience with SPACs and, you know, to kick around the concept of partnering up and pursuing that path. And, you know, we wanted to see if we would find investment partners that understood the business, the market we were in and
could really be a force multiplier in the end. Because theres lots of different options for raising capital and you want it to be as strategic and impactful as possible. And, you know, it was admittedly it wasnt at all clear that we
would find that so immediately down the SPAC route, but at the end of the day we did. We kind of said, we would recognize it. We would know it if we saw it and we found it. And sure, enough with a Gores Group thats exactly what happened. They
were one of those groups that was in that small selection step that we spoke with. And it really became a nearly immediate meeting of the minds.
Julian Klymochko: Great to hear, and certainly the market is looking very favorably upon the deal, just looking at where Gores Holdings is trading
these days. And so, upon success of the transaction, once it closes, Matterport could have upwards of 640 million of cash on its balance sheet. What are some of the key growth opportunities that youll be pursuing once the transaction
closes and youre up as a public company?
R.J Pittman: Yeah, well, the advantage of Matterport has of being, you know, a 10-year-old company is, weve spent a lot of time, you know, perfecting the product, you know, really maturing product market fit, but then creating a repeatable,
scalable, you know, value proposition for a number of different vertical markets and a number of different geographies around the world. Were in, you know, we have Matterport buildings in 150 countries now and, growing, which is great.
Its a global business. You know, to be sure, I mean, said that. Here is gigantic amount of unpenetrated market opportunity weve got to get to. So, you know, the principle push behind the use of proceeds and the capital that we raised
here through the SPAC, is really to scale execution. Some of the usual suspects that youll find in our use of proceeds, but principally were really going to be investing in continuing to scale the enterprise business for Matterport.
These are customers that have anywhere from 500 to tens of thousands of physical locations, that theyre digitizing, turning into data and moving, you know, to managing these properties in a digital fashion on the Matterport platform. And that
is a massive opportunity for Matterport that we are going to double and triple down on, and were going to do so in parallel by continuing to invest in expanding internationally, just because were in all of those countries. That mean
were in them, you know, as deep and squarely as wed like to be. And thats a key part of our use of proceeds is going to be really pushing into some exciting markets all across Asia. We have a well-established business today in
Europe, but plenty of room to scale that business significantly as well. And frankly, even here in the Americas, a tremendous opportunity to North America and South America still to go for Matterport across a number of verticals in all throughout
the enterprise. So predominantly well be looking there. Well also, you know, now have an opportunity to look at inorganic growth opportunities. Strategic investments, acquisitions, theres fantastic technology and talent out there
working in complimentary vectors to matter Matterport that can help us achieve our goals a lot faster. So, the good news is because we have this maturity and the 10 years of, you know, a market operation under our belt. Theres not a lot of
mystery to our playbook or to the investment thesis for the use of proceeds. Were really just going to be stepping on the accelerator, more gas in the engine.