Sigh. SPAC: how the incompetent who should NEVER get funding to start a business for which they can get funding and drain that company for maintaining a lifest

Sigh. SPAC: how the incompetent who should NEVER get funding to start a business for which they can get funding and drain that company for maintaining a lifestyle and legacy without doing the hard work or negative consequences that normal startups face. See also: Entitled Trust Fund Kids. I hear SPAC and instantly assume: Theranos-style fraud coming.