Some Quick Notes on SPACs

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

Credit: Josh Appel

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