General Motors Co at Bank of America STAARS Virtual Summit Transcript
Great. Thanks, everybody, for joining our next session. I'm John Murphy. I cover the U.S. autos here at Bank of America. We're very happy to have GM's BrightDrop, the new business session with us. We're going to have BrightDrop's CEO and President, Travis Katz, give us some background info on it, and we're going to grill him after that. But I think it's really important to recognize that BrightDrop doesn't just represent a single opportunity for GM, right, it is, more importantly, a great example of GM's management leveraging the core of the company to develop numerous avenues of incremental growth outside the core auto business, right, so there's a lot of opportunity here. There's also an astute recognition by GM's management that, in some cases, these new businesses need to be seeded and developed by outside management with new perspective that's not necessarily inside, so they're bringing in folks like Travis, who recently joined BrightDrop from venture cap -- from our Redpoint Ventures, where he was a very
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