The last couple of weeks keep hearing SPAC (Special Purpose Acquisition Company ). I was asking myself what is that? According to Wikipedia, A special purpose acquisition company (SPAC), is a “blank check” shell corporation designed to take companies public without going through the traditional IPO process.SPACs allow retail investors to invest in private equity-type transactions, particularly leveraged buyouts. That is basically the back door of taking companies to IPO (Initial Public Offering), Going Public.
And, one guy Chamath Palihapitiya (CEO-Social Capital) is taking this mission so seriously. Already took Virgin Galactic to Public. Then Opendoor and last recently Clover Health. He is literally was my only topic this weekend. I watched him at least 10 videos about SPAC and new capital allocation plans. I really like the way he is thinking about VCs, Growth, and big problems. He is definitely touching the part of my brain I never used it before. He is all about talking “Long term, Grow Slow, Grow Real”.
Yesterday, I watched @chamath‘s interview with @ShaneAParrish. Today, I am re-watching with transcripts in front of me. It is been a long time didn’t get inspired by someone that much. That’s why I’m dedicating my entire free time to read/watch anything related to @chamath
I’ll write in a couple of months, what I learned from him so far.