3min chapter

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ANGEL: FirstMark’s Rick Heitzmann on shaking off the bull run, “shock absorbers,” and more | E1670

This Week in Startups

CHAPTER

Is There Anything Inherently Wrong With the SPAC Format?

The SPAC format has gotten a pretty big black eye now. It almost seemed like it was a victim of its own success to me. If some is good, more is better up until the point where you just stuff the turkey into a burp burst. And obviously, in a time of free money, that only happened at an accelerated pace. But you have to still be able to tell your story crisply and clearly.

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