Some Quick Notes on SPACs

Today: Special purpose acquisition companies are the hottest topic in tech (that I’ve never written about).

The Agenda 👇

  • SPACs > IPOs

  • Why SPACs when the IPO market is so hot?

  • Why are SPACs raised by famous people?

  • Beware adverse selection

  • SPACs will eventually merge into the new IPO

  • And anyway, we’ll get better at allocating capital on public markets

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