Just watched the roadshow, might pick up a few shares after the IPO if it tanks, would rather the market find the value of exposure to Boom instead of giving them a blank check
All these workarounds for private companies stink a little bit, the incentives of this may be worse than regular VC since there's no carry to incentivize performance. It's giving the managers only an incentive to self-deal the blank check.
Something like this has to break I think before the go-public process gets really fixed, apparently SPAC's weren't bad enough.
Just watched the roadshow, might pick up a few shares after the IPO if it tanks, would rather the market find the value of exposure to Boom instead of giving them a blank check
All these workarounds for private companies stink a little bit, the incentives of this may be worse than regular VC since there's no carry to incentivize performance. It's giving the managers only an incentive to self-deal the blank check.
Something like this has to break I think before the go-public process gets really fixed, apparently SPAC's weren't bad enough.