Adam Torres and Mitchell Nussbaum discuss The PIPEs Conference.
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Show Notes:
Listen to The PIPEs Conference coverage. In this episode, Adam Torres interviews Mitchell Nussbaum, Co-Chair & Partner at Loeb & Loeb, explore Loeb & Loeb and The PIPEs Conference.
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About Loeb & Loeb LLP
Loeb & Loeb is a premier law firm focused on helping organizations and individuals innovate, grow and evolve in a changing world. Our market-leading practice and industry teams deliver practical insight and strategic solutions in complex deals, high profile disputes, cutting-edge regulatory issues and other matters critical to our clients’ success. The firm has approximately 450 lawyers across eight offices in the United States and Asia. This material may be considered attorney advertising.
Full Unedited Transcript
Hey, I’d like to welcome you to another episode of Mission Matters. My name is Adam Torres, and today we are at the Hard Rock Casino in Hollywood, Florida, and we’re at the Pipes Conference that the DealFlow events guys are launching. And I got Mitchell on the line, who was one of the lead sponsors.
Mitch, welcome to the show. Thank you. Happy to be here. All right. So what brings you out today? Well, listen, you know, we’re sponsored this conference. We have clients here. We hear hanging out with, you know, people in our industry that we’ve see a year in, year out. Yeah. I spoke on a panel last night. I spoke at a panel this morning.
You were at the poolside panel. I was at the poolside. Yeah. I thought so. Yeah. So look, you know, they, they try to get a collection of people who were in this business from the beginning, you know, and just have a conversation about like, you know, pipes and sort of where it came from, where it’s going and all that type of thing.
So it’s, it’s fun. Okay. Fun to be here. How’d you get started in this business? Like where’d all this begin for you? Well, you know, I feel like I’ve been in this business for about 30 years, maybe a little bit more. I, I think it just came out of being a, you know, capital, we call them securities lawyers back then, but capital markets lawyer, and I was just interested like in the markets.
I always had like probably came from my upbringing or whatever. I was very interested in, in companies going public. IPOs and the stock market. And I was a lawyer, obviously, and it was a good combination of the two. I liked the subject matter. I liked understanding. About finance and public deals and public companies.
And so, you know, it just grew from there and they just grew into different structures of, you know, equity finance, such as the pipe, which is like the subject matter of this conference beyond, you know, IPOs, which is probably most of us started out doing, and then going to like other stuff where it was pipes or, you know, SPACs, which became a big part of what I do as well, and, you know, reverse mergers and different kinds of like equity finance.
So. It all sort of, you know, came from there. I can’t say that I’ve done any, much of anything else, you know, in, in that 30 something years. So I think the practice has gone into other areas, whether it be M& A or even like investigatory or the litigation, white collar stuff certainly has, even with IP companies or life sciences companies or tech companies, but.
It all really stemmed from the capital markets work, you know, the whole, the whole thing. So not asking you to say any specific company or anything else like that, but what excites you in the space overall? You’ve been doing it, you know, over 30 years. What’s exciting right now? You know, it’s tough. It’s a tough area.
It’s a tough business. And you’re constantly, particularly in what I do and where people bring me into the transaction cycle, I’m like the person, you know, You know, when you’re younger or when you’re the more technical person, you’re putting out documents, you’re generating the deal documents, or you’re, you’re executing through the transaction where you get to like my stage, you’re not doing that because there’s a team doing that, you know, they could be the team that’s been worked for you for a long time, but you have a team in place that does that.
What you ended up being the person that everyone comes to with the problem that no one else can solve. That’s what ends up being your day, right? It’s kind of like, I always explain this to people like. Just imagine, like, in a hospital, right, you know, they’ve got the people that come in, they’ve got the receptionist, the nurses, the doctors are doing, like, the check ins through the different rooms or whatever, and then all of a sudden the crisis comes and it’s in the, in the surgery room, right, and the person’s in, like, critical condition, and, you know, the hospital staff’s doing jobs, like, they’re doing their job, the doctors are going around doing their, you know, walk throughs or whatever.
And then all of a sudden, boom, this person goes into like, you know, on the surgery table in a critical condition. And all of a sudden, out of nowhere, you could be having dinner. You could be, you know, on a phone with someone else, watching a Netflix show, whatever you’re doing. And within a split second, you’re in that surgery room, right?
Because by the way, you don’t have to come in and put the gloves on. You get a phone call. Yeah. You get a phone call. And then all of a sudden that phone call turns to the surgery room within a split second. And that is essentially like what I do. So the point getting to the answer to your question, which is, it’s really hard getting through that whole process and dealing with all the crises that goes on around that with multiple people.
A lot of, you know, that’s the difference with it, with the surgery room is you’re dealing with all the people in a deal and the working deal and like the companies and the CEOs and the bankers and everyone’s freaking out and you’re like trying to like, you know, get it together. So all that is like.
Tough. Yeah But you asked me what’s the good part about it is you save the patient. Mm hmm, right? Yeah, you save the patient you got through the whole thing and everyone’s like well you came in and And, you know, thank you. I don’t know what to do. Thank you. You know, you, you, you, you, you, you know, you saved the deal, you saved the situation, you’re saving this, or you, you got this together, you got that done.
And then, you know, you started to go home that day or you get off the phone that night and you say, well, yeah, I guess I did something good today. That’s amazing. And then I think, I think the other thing that I would say that that is probably matches that one almost like, you know, one for one is that.
When you go through those, you go through a few of those, you build up a relationship with some, you know, because you’ve been through something together, right? I think some relations, some great relationships are born when you go through these, like. Had a clasmic situations, you know, you know, you, you, there’s a bond that comes out of that.
Like, Oh, well we went through that and we sort of, we got through that. We survived that. And that’s kind of a nice thing too. You know, that’s like, okay. You know, and even years go by, you’ll walk into them at something like this. Yeah. Like you were talking about, you had an event and you’re like, no, I worked on it and you know, and it’ll be like, Oh, and then, you know, you’ll sit in and you’ll talk about the war story of what happened when we went through that together, you know?
So. I think those are the positives, you know, that comes out of it. Yeah. It’s great. Last question I have for you. You mentioned this multiple times here and I just want your take on it. You mentioned team. You said team, or they could be putting together a deal or otherwise. Or what does that mean to you?
The team, the importance of a team through this, through these stages that you work through. Yeah. I think, you know, like your team, I think I always say you’re only as good as your team. You know, if you’re doing a little bit more routine work, if you’re doing like less sophisticated, things that are not necessarily multifaceted.
Yeah, you could probably do it on your own, but if you start getting into things like getting a little bit hairy, complex, it’s multifaceted, it’s time consuming, it’s time sensitive, you know, you’re looking at doing it together with a team, and the end of the day is like, you’re only going to be as good as, as the team, right?
You’re never going to be able to, you’re never going to do something without having a full team backing you that’s, you know, any better without, so. You know, it took me some years to learn that in my career. Because you’re not necessarily, I think, taught that way coming, coming out of like school or starting out as a, you’re worried about your, it’s not intuitive.
It’s not, it’s not intuitive. You’re worried about your work. You’re worried about getting your stuff done. But I think, I think for me, like building that team, you know, was very, very important, you know, and really doing it the right way. Fantastic. Well, appreciate you making some time for us. Last thing, if you get looking at the camera, if somebody wants to follow you, learn more about the firm, anything else, whatever contact you choose to leave, please.
No, feel free to email. I’m at MNUSPAM, which is my first initial, last name, N U S S P A U M at loeb, L O E B dot com. Firm’s name, Globe and Lobe. Feel free to email, happy to you know, be in touch. We’ve got some questions or some thoughts that you want to share. You feel free to reach out to me. Awesome.
And for everybody listening, just so you know, we’ll put the link in the, to the website and the show notes, so you can just click on it and head right on over. And speaking to the audience, if this is your first time with Mission Matters and you haven’t done it yet, hit that subscribe or follow button.
This is a daily show each and every day. We’re putting out new content, new ideas, and hopefully, New inspiration that can help you along the way on your journey as well. Mitchell, thank you for making time for us. Thank you. Thanks for having me