Read insights from Steven Patrick in “A Look Inside VC Firms Joining The SPAC Rush” | Crunchbase News


The idea behind a VC firm forming a SPAC is that the firm has all the information that enables it to figure out the right structure for the IPO, and the firm is therefore better positioned to execute the IPO than an investment bank...SPACs, once looked down upon, have become mainstream and are no longer viewed in the “same kind of category as penny stocks and the Wolf of Wall Street kind of behavior.”...“There is enough money in the SPAC world that almost anybody that’s approached to manage a SPAC would say, ‘sure I’d love to do that,” Patrick said.