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SVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
My First Million
How Does the Specs Work?
The way the specs work is if you're the sponsor, which is what Chamath was in a bunch of these, like he took open door public through spec. You end up getting a percentage of the company without taking any real risk. So Chamath has made out like a bandit in, I think he's done five to 10 specs. He's made money in each one of those specs. Every, how much, how much more than a billion dollars across all of those for sure.
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