IMO SPACs as an alternative to IPO are good for founders. I don't think they are good for markets because they indicate that investors don't currently care what

IMO SPACs as an alternative to IPO are good for founders. I don't think they are good for markets because they indicate that investors don't currently care what their money is invested in, they just expect the manager to provide huge returns with very little due diligence. In this market it feels impossible to lose and SPACs have exploded because everyone is willing to write a blank check.