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undercovered aspect of SPAC boom: how many early & mid founders/investors are fascinated yet really don't understand them some are signing deals with the devil it's like revenge of the nerds, but the nerds are Wall Street bros Silicon Valley's been shit talking for a decade
some of the warrants that’s common in these are absolutely horrifying, on the margin, these just seems to be ways to sneak into public markets prematurely for most folks while giving up huge control
they stay winning
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