The Pied Piper of SPACs
Chamath Palihapitiya says that the investment tool lets ordinary people get rich off startups. It may be hype—but hype can be its own economic engine.
via The New Yorker: https://www.newyorker.com/magazine/2021/06/07/the-pied-piper-of-spacs
Palihapitiya’s friend asked me, “When someone tells a new story, and then they make it come true—they invent something, or they help some company get funded, or they make us change how we see things—aren’t we better off?” He added, “I think we’re lucky some storyteller was willing to do that work and take that risk.” ♦