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