Pivot SPACs tumble, the education tech market and the future of automation
Mar 9, 2021
Kevin Roose, a New York Times tech columnist and author of "Futureproof," dives into the latest trends in automation and education technology. He discusses the recent tumble of SPACs and its implications for IPOs and shares insights on the shift towards online learning post-pandemic. Roose emphasizes the importance of developing uniquely human skills to thrive in an automated world. With his focus on creativity and emotional engagement, he highlights how we can adapt to a future increasingly dominated by AI.
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Chamath's SPAC Sale
- Chamath Palihapitiya sold his personal stake in Virgin Galactic after taking it public via SPAC.
- This triggered a market downturn, causing concern about SPAC valuations.
SPACs: Innovation and Overvaluation
- SPACs offer a new financing mechanism, giving companies more control over going public.
- However, many SPACs may be overvalued, similar to the dot-com bubble.
Bifurcated IPO Landscape
- The IPO landscape is bifurcating, with high-quality companies using traditional IPOs and others using SPACs.
- Traditional IPOs offer a branding event and often see a price pop, benefiting both the company and the investment bank.
