I was speaking to the pressure on businesses to inflate their promises, which drives real businesses out of the market, leaving only unicorn dreams and pixie du

I was speaking to the pressure on businesses to inflate their promises, which drives real businesses out of the market, leaving only unicorn dreams and pixie dust prospectuses. If you are raising funds, you are telling investors you have value, and that the IPO price is early and low. But if it’s a market for investments, then everybody else with a SPAC is saying the same thing, and if they’re selling pixie dust and unicorn dreams, they are promising even greater returns than you are if you’re trying to run a “real business.” You either get in on the reality distortion field, or get washed out.