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I think the political writing on the wall is that the legal barriers are going to be lowered for entering the public market. So Sequoia and others are going to

I think the political writing on the wall is that the legal barriers are going to be lowered for entering the public market. So Sequoia and others are going to need to market themselves to founders as an alternative to going public.

papito 5y ago
An SPAC is nothing but a fraud vehicle. Look at the new SPAC driving the new Trump "social network". They didn't have to do any work. No due diligence, no financial disclosures, no business plan, no numbers - nothing. After a few iterations of this and billions sucked up by these conmen, the government will have to step in and clamp down, while the conmen (and probably HN) bleat about "big government", "regulations", and "socialism".