The suckers aren’t just investors, but also employees who work at companies that hinted/promised liquidity via one of these transactions. I didn’t work at a company that failed to ipo via spac, but I almost did and although every technical interviewer felt earnest, something felt off about their lack of detail around business and the equity part of the comp.
Too much of it felt like hot air and I went elsewhere. This was two years ago, and indeed some BS press release from a year ago says their “deal” fell apart. Seemingly reputable investors too, wtf.
Too much of it felt like hot air and I went elsewhere. This was two years ago, and indeed some BS press release from a year ago says their “deal” fell apart. Seemingly reputable investors too, wtf.
Keep your BS detectors on at all times.