andrew: skillz is building the competition layer.are the leading mobile e-sports platform in the world. that means we are a b2b2c technology platform. allowing to build more competitive video games. in terms on the consumer side, we have a player community that andges, seeking out fair meaningful competition. 2is year, they will play billion tournaments on the platform. caroline: you have agreed to merge with flying eagle acquisition company. beingrself are spac-ed. this is the entity that helped take draft kings public. gaming is your expertise but why have you decided to go to the public market in this way? andrew: when we started the company eight years ago and when i came on seven years ago as ceo, we always planned to be ready to go public by q4 2020. the background and covid both fell into place over the past six months. as you guys are probably aware. the video give industry has seen exceptional growth due to covid. in skillz, we have the best quarter in the history of the company in q2. route, we were further along in our pla

mobile game platform skillz has already had one foot on the locomotive. they game, solitary tube, a huge part of that moment will be the first e-sports platform to go public. so we thought let's get the founder and ceo, andrew paradise in. wow, andrew, eight years in the making. are you on target to meet your goal of ipo-ing before the end of the year, december 31st? >> absolutely. and thank you for having me. it's an important milestone for us, so it'll give us greater access to capital to grow faster than we've ever been. we've always believes fair competition is something everyone should have a stake in. liz: air airbnb -- and i bring m up because we've been waiting for years on that ipo -- it's very tough to pinpoint a time on the calendar, especially this

mobil gaming company and skillz, with a z, is going back.t's a trend that's picked up a lot of steam this year bumble, the dating app, has a valuation between 6 and $8 billion with a b contessa, is this a sign that it's too frothy or is this a sign of the times? >> i'm in kingston, new york right now, just to be clear where i am if a spac is the way to get you into the public, if you can save some fees and generate some excitement, why not do it? take skillz, for instance, this company had 206 million users. now it expects to be valued at more than $4 billion that values essentially each of these game players at more than $1600. it's a very expensive way to look at mobile gaming, and you have to wonder, how much more can they grow from here or what ways can they use their technology to expand in new fields and start to bring in that cash? >> the executives behind this company also brought draftkings to market. we'll talk about that in a minute, dom, but they do have a track record for me skillz is not exactly a household name what do you mak

joining me now is the founder and ceo of skillz andrew paradise congrats on announcing this deal andeen doing well as a company, you could have gone the ipo route. what is going the spac route better for you and your investors. >> we always planned to go public our vision is to build 100-year company. and we were planning on being ready to go public at the end of q4 this allows us to go to market a little faster and also allows us to select the best financial partners through the pipe that we set up with wellington, fidelity, franklin templeton among others >> so, it was just the timing and getting that money in because it's not like you're paying for the privilege harry sloan, the spac sponsors take, what, up to 20% of your company. that's not nothing >> no, that's quite right. a traditional ipo is 10 to 15% of a company any way and so, when you think about kind of the different parameters of how you want to set up your company post-public, being able to pick meaningful investors like the ones i named, being able to partner with wellington, fidelity right out of the gates is a reall