SPAC Dynamics: An interesting turn in SPACs are those SPACs being raised by Venture Funds, Growth Funds or Crossover funds in the hopes of working with an existing portfolio company.
There are a lot of interesting turns that may play out here:
Investing 101: Risk management is poorly understood and even more poorly applied.
Here’s a simple framework I use to manage risk.
Imagine a barbell - weights at either end with a thin bar in the middle. In my opinion, risk is best managed in this way.
Airbnb’s CEO says its recovery from the travel slump has been so swift that a much-anticipated IPO is still on the table for this year https://t.co/tOp4evqs0P
This is unbelievable - Hertz is going to sell new equity to the public in the middle of a bankruptcy process, even though that equity sits junior to the DIP and on par with all other existing equity holders. https://t.co/7xnWTHN0OE via @WSJ