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It’s a more transparent and less predatory than venture capital.
by rekttrader 4y ago
It’s a more transparent and less predatory than venture capital.
- pavlov 4y agoIs it? VCs don’t raise money from “mom and pop and Reddit” retail investors, but SPACs have enabled insiders to sell stock at $10 that often ends up being worth less than $1 or even bankrupt just a year or two later. These often included a social media pump like the SPACs promoted by “SPAC king” Chamath Palihapitiya. However the companies that go public via SPAC are mostly VC-funded, so in that sense you’re right that they’re also profiting from the SPAC con by being able to dump their holdings in these companies that were not actually ready to go public.
- MaxPengwing 4y agoNot this SPAC, https://www.avanza.se/aktier/om-aktien.html/1206860/acq-bure-spac https://www.avanza.se/aktier/om-aktien.html/1206860/acq-bure... It's mostly owned by Swedish Pension funds.
- sam_lowry_ 4y agoYubico is originally Swedish, this makes sense.