Emil Michael predicts 90% of active SPACs will disband and return capital
Emil Michael · Emil Michael: How I Negotiated the $4B Uber-China Deal, Why DoorDash Caught Up to Uber | 20VC #941 · 20VC with Harry Stebbings · Oct 25, 2022 · at 1:16:10
Emil Michael, former CBO at Uber who previously launched a SPAC, discusses the collapse of the SPAC market following the post-2021 tech market contraction.
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“18 months, you're going to see dead spat. Literally, they're going to disband and give the money back to investors. Maybe 90% of them.”
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