SPAC

“It basically was a last resort for most companies where if you couldn't really go public and you couldn't access private capital, that was the best. Route. And then also like, which had a huge adverse selection problem.”

“And I'm sure it'll be back.”

“I fully anticipate SPACs will be back for certain companies pretty soon.”

“SPACs coming back in a big way.”

“There's like, yeah, 350 that are actively searching right now in all sorts of different fields.”

“I bet you there will be a bunch, not a bunch, but at least a handful of Chamath specs where if you buy them now, there'll be like a 50 bagger.”

“So in, in June of 2020. A few months after the pandemic started, they went public at around 20, 20, twenty billion dollars. Twenty billion. They didn't go public. They didn't SPAC. So they SPAC.”

“SPACs have come and gone multiple times in their history, so I would never bet against the return of the SPAC. It might take a while. I think, you know, it's like, maybe even like every 15 or 20 years or whatever, but I am confident that in my lifetime, there …”