@DesktopMetal - a leader in Manufacturing 2.0 - is going public and I helped lead their $275M PIPE. I wrote a 1-pager on the key things I liked about DM. 
There is going to be a shift from traditional additive manufacturing to 3D printing as the technology matures from prototyping to hi-volume production.
This method has value not just to the company (better margins) but also downstream customers (higher quality, lower prices) and society (less energy consumption and less waste).
Over time, DM’s mode will be to sell the “razor blades” (cartridges, consumables) vs the “razors” (printers).
They have distribution deals in 60+ countries and early sales into many of the biggest OEMs with a sales pipeline through 2024.
They have distribution deals in 60+ countries and early sales into many of the biggest OEMs with a sales pipeline through 2024.
I invested at 1.9x 2025E revenues and 8.7x 2025E EBITDA.
