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Vcs Say Spacs Have A Hidden Benefit Of Increasing Their Deal Flow

by businessinsider.com posted 1month ago 26 views
Summary List PlacementThe creation of new special purpose acquisition companies has had an unintended side-effect on the venture firms spawning them: The buzz has improved their access to late-stage companies that are raising funds, investors say. Those startups are knocking on their doors because the venture firms now have a vehicle to take them public. The increase in interest by founders (known as "deal flow" in the venture world) is a perk but was not the goal for Lux Capital, says founding partner Peter Hébert. Its SPAC started trading on the stock market last fall.

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