Chamath Palihapitiya discusses how the popularity of SPACs will lead to more competition, making it more difficult for companies to successfully complete a SPAC transaction, and why companies may be better off going public instead.
The SPAC thing is now a huge wave and a ton of people are creating them. The appeal of a SPAC to a founder is essentially because what they are used to is doing private rounds.
The new focus for early stage investors is not counting unicorns, but rather finding founders with a combination of operational and financial acumen in the public markets, investing experience, and operational credibility to describe the business.