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#215 - What Venture Capital Will Look Like in the Future
My First Million
How Does a Spack Work?
A spack is pecial purpose acquisition corporation, or something sas basily a blank check holding company. You go to the public market and you say, give me 400 million dollars. The sponsors are making their money due. It's the retail investor who joins in and says, i'm going to invest in in this spack. They are getting a questionable return, but the sponsor chimot what he's doing.
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