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  "documentTitle": "Lightspeed Commerce, Inc. (LSPD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-09-29 00:00:00",
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  "notes": "The slide uses a quote from a former manager to set up a contradiction with the empirical data in the table.",
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      "text": "We spoke with a former Lightspeed Manager who expressed a view that Lightspeed was focused on retaining talent following its acquisitions. However, based on our findings, in many of the deals this has not been the case.",
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      "text": "It is very important from a culture perspective that companies that they acquired have a similar culture because the goal is not to take the product and fire the people. It's really to expand the knowledge of the team and to grow the Lightspeed team from an employee perspective. So usually during those acquisitions, there are very few people who get released because they choose the organizations that have similar cultures, mindsets and goals, and its really about blending the two of them together to bring something better to the market.",
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      "text": "It is very important from a culture perspective that companies that they acquired have a similar culture because the goal is not to take the product and fire the people. It's really to expand the knowledge of the team and to grow the Lightspeed team from an employee perspective. So usually during those acquisitions, there are very few people who get released because they choose the organizations that have similar cultures, mindsets and goals, and its really about blending the two of them together to bring something better to the market. — Former Lightspeed Manager",
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      "text": "Founder Turnover Following Acquisitions",
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