Before we get to our updated list (and here’s the old list for reference) we need to discuss Lightspeed’s acquisitions of restaurant/retail POS companies Shopkeep and Upserve, and the larger implications most people are missing.
Lightspeed acquired both Shopkeep and Upserve using some cash but mostly equity via shares. When you’re a public company your shares are another form of currency, and they’re much, much cheaper than cash consideration. This creates an unfair advantage for public companies: they can buy assets more “cheaply” than non-public companies.
“financial engineer their way out of a pool of human sewage “. Lol.
Thanks for the insights and the chuckles Jordan. I need both.
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