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Campaigns / Spruce Point Capital → Porch Group Inc
Spruce Point Capital vs. Porch Group Inc

Porch Group Inc · PRCH

1 deck published between 2021-04-08 and 2021-04-08 — 63 pages, 63 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2021-04-08 initial thesis

    2021 04 64e79f7380c54f59a5ef1cbf_prch_research_thesis_4 8 2021

    63pp · full_deck

    Porch is 'Active Network 2.0' run by the same CEO — a money-losing lead-gen business dressed as SaaS, with barter accounting and hidden debt implying 50%-70% downside to $5-$8.