O'Driscoll: SPACs take venture-grade risk public while the best venture assets stay private
Rory O'Driscoll · Should the US Ban Chinese Open-Source Models | OpenRouter's Chance To Sell | Stripe Buying PayPal · Jul 23, 2026 · at 1:18:45
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Save the cut (mp4) →“If you think about the kind of companies that should be private, and the kind of companies that should be public, companies trying to do, you know, next generation nuclear products should probably be private. As yet, there's three of them that are public, they SPAC, and they're trading like crazy men, up and down 50% in one day. And then, call me strange, a company that's doing six billion in revenues and widely cash flow profitable like Stripe or like Databricks should probably be public. As yet, here we are with Databricks and Stripe private, The SPACs are taking stuff public that should probably be venture backed, and the very best venture assets are staying private long after they're kicking off cash and should be public.”
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