My slightly different look on SPACs: SPACs are more like Handshake deals. When two people trust each others, you can save a lot of time and money with a hands

My slightly different look on SPACs: SPACs are more like Handshake deals. When two people trust each others, you can save a lot of time and money with a handshake deal. You agree on something, and then (optionally) get lawyers do the paperwork. I find SPACs similar because investors and the SPAC owners have a mutual trust about smartly using that raised money to bring a great companies public. You can totally get burned, but personally I trust someone like Chamath to make great decisions. So, in my view, I've got a handshake deal with him where he smartly uses my capital to bring great companies public. It's a win win.