[melomal]

Follow the 'unicorn' startups and you will find all of the origin's for buzzwords.

SPACs have been around for a long time, also they were considered a junk method of going public due to the nature of SPACs. It's the fact that a few startups managed to IPO with solid results and now it's flavour of the month. It's madness to see and I learned a new word because of it 'cargo cult management'.

[TeMPOraL]

> and I learned a new word because of it 'cargo cult management'

You're welcome :). Perhaps you can help me back and explain to me, what's up with SPACs this month? I've been hanging around startup circles for years now, and I've never noticed SPACs until some HN threads yesterday or two days ago. And now I see them everywhere. Did Matt Levine write about them recently or something?

[ehnto]

Why yes, yes he did.

https://www.bloomberg.com/news/newsletters/2021-01-08/money-...

[melomal]

Well damn, he really did

[melomal]

Thanks :) I'm not sure why but having a name for this culture just makes things a little easier to digest for me.

https://trends.google.com/trends/explore?q=SPACs&geo=US

I'm trying to find the first mention of a SPAC and which 'unicorn' was the catalyst to trigger this storm. BUT the key reason is that there are far fewer limitations on the promotion of the stock itself. The startup will be bleeding cash, and a IPO requires too much paperwork and hiding numbers gets harder, SPACs will let a startup raise cash when their metrics are poor and they need cash to keep the ride going.