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                             May 27, 2021

       Kevin E. Hartz
       Chief Executive Officer
       one
       16 Funston Avenue, Suite A
       The Presidio of San Francisco
       San Francisco, CA 94129

                                                        Re: one
                                                            Amendment No. 1 to
Registration Statement on Form S-4
                                                            Filed May 14, 2021
                                                            File No. 333-254973

       Dear Mr. Hartz:

                                                        We have reviewed your
amended registration statement and have the following comment.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comment applies to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

               After reviewing any amendment to your registration statement and
the information you
       provide in response to this comment, we may have additional comments.
Our reference to a
       prior comment is to comments in our April 29, 2021 letter.

       Amendment No. 1 to Registration Statement on Form S-4 filed May 14, 2021

       Questions and Answers for Shareholders of AONE
       Q: What are the U.S. federal income tax consequences of the
Domestication?, page xix

   1.                                                   We note the revisions
made in response to prior comments 1 and 5. We also note that you
                                                        continue to disclose
that you intend for the Domestication to qualify as a reorganization
                                                        within the meaning of
Section 368(a)(1)(F) of the Internal Revenue Code. To the extent
                                                        you believe that the
domestication qualifies as a reorganization within Section
                                                        368(a)(1)(F) of the
Internal Revenue Code, you must obtain a legal opinion supporting
                                                        such a conclusion.
Otherwise, revise your disclosure here to begin with a statement that it
                                                        is uncertain whether
the domestication will qualify as a tax-free reorganization and
                                                        describe the potential
consequences to shareholders, including a summary of the tax
                                                        consequences if the
Domestication fails to qualify as a 368(a)(1)(F) reorganization.
 Kevin E. Hartz
one
May 27, 2021
Page 2

       You may contact Amanda Kim, Senior Staff Accountant, at (202) 551-3241
or Stephen
Krikorian, Accounting Branch Chief, at (202) 551-3488 if you have questions
regarding
comments on the financial statements and related matters. Please contact
Mitchell Austin, Staff
Attorney, at (202) 551-3574 or Jan Woo, Legal Branch Chief, at (202) 551-3453
with any other
questions.



                                                           Sincerely,
FirstName LastNameKevin E. Hartz
                                                           Division of
Corporation Finance
Comapany Nameone
                                                           Office of Technology
May 27, 2021 Page 2
cc:       Andrew P. Alin, Esq.
FirstName LastName