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I'm far more OK giving a windfall to the SPAC sponsor who sought out and helped a promising company to merge with and list, than a WS gatekeeper who is paid sim
by bpodgursky 5y ago
I'm far more OK giving a windfall to the SPAC sponsor who sought out and helped a promising company to merge with and list, than a WS gatekeeper who is paid simply for being in-between a startup and an IPO.
- mikeyouse 5y agoYeah, let's stick it to the Wall Street gatekeepers by paying fees to this SPAC. > The Angel Pond SPAC vehicle was founded by CEO and Chairman Theodore Wang, the founder of Puissance Capital Management and Angel Pond Capital and a former Partner at Goldman Sachs, and Simon Xie, the founder and Executive Director of Hangzhou Hupan Shannan Capital Management and a co-founder of Alibaba Group. If you want public money (via SPAC or IPO), you're paying money to "Wall Street" in one form or another.