yeah I’m not suggesting that SPACs are appropriate for pre-product startups. I see them replacing VCs in what would otherwise be a growth stage round eg post Se

yeah I’m not suggesting that SPACs are appropriate for pre-product startups. I see them replacing VCs in what would otherwise be a growth stage round eg post Series A/B. So we will still have angel and seed/early stage investors, but I see SPACs easily competing with what would otherwise be large late stage or growth rounds that the big VC firms are most active in.