If I had to guess, it's intended to solve a problem in founders' minds -- that of the potential for an IPO process to go poorly. What if investors don't get our

If I had to guess, it's intended to solve a problem in founders' minds -- that of the potential for an IPO process to go poorly. What if investors don't get our culture? What if they're more skeptical of our growth and future plans to improve margins than our VC investors have been? As such I'd disagree with Levine's suggestion that IPOs are merely annoying drudgery; I think they're a genuine point of concern for founders from a strategic perspective, and that in a lot of cases, the founders are much more worried about successfully executing the IPO than they are about the long-term hassles of running a compliant publicly traded company. The interesting question in my mind is whether the SPAC organizers are doing this with a specific target already in mind, or whether they are actually going to run a real process to determine which company to buy into. I guess they would have to be transparent with investors with regards to their intentions, right?