Hacker News new | ask | show | jobs
by mjthrowaway1 1298 days ago
Who can listen to Chamath seriously after his SPAC fiascos?
2 comments

Every time I see this guy’s name I see a similar comment about SPACs, is there a link to explain exactly what he did?
Mostly that SPACs have substantially underperformed and he was a big promoter of them. As it turns out “It’s like an IPO, but without all of that pesky due dilligence” wasn’t great for investors.

To Chamath’s credit, he did wind up 4(?) SPACs that hadn’t found an acquisition target and returned capital to investors.

The proof is in the pudding.