Great article! I thought we were done with SPACs...but anyhow I hope Tiger finds a good one that doesn't tank back to $0 like most in the last year currently are
Chamath Palihapitiya Is a minority owner of the Warriors. So, his relationship w/David Lee isn’t random. Palihapitiya record with SPACs is mixed, at best -for o/s shareholders. With SPACs, insiders can get significant shares for pennies. Consequently, they can make money , while o/s shareholders lose.
SPACs, when done right, can be an effective vehicle to take a company public. However, like anything else, excess destroys value. Currently, that’s where the market is.
Great article! I thought we were done with SPACs...but anyhow I hope Tiger finds a good one that doesn't tank back to $0 like most in the last year currently are
Chamath Palihapitiya Is a minority owner of the Warriors. So, his relationship w/David Lee isn’t random. Palihapitiya record with SPACs is mixed, at best -for o/s shareholders. With SPACs, insiders can get significant shares for pennies. Consequently, they can make money , while o/s shareholders lose.
SPACs, when done right, can be an effective vehicle to take a company public. However, like anything else, excess destroys value. Currently, that’s where the market is.