SPACs are going to rule the world, or at least, Chamath’s future portfolio. Chamath Palihapitiya, the founder of Social Capital, has already tripled down on SPACs, the so-called “blank check” vehicle that takes private companies and flips them onto the public markets. His first SPAC bought Virgin Galactic last year, and his second SPAC bought […] …Continue Reading

Yesterday, we had a chance to catch up with Josh Kopelman, cofounder of the now 16-year-old early-stage venture firm First Round to talk about a wide variety of issues. As part of that conversation — which we’ll run in its entirety in podcast form later this week — we naturally asked Kopelman about some of […] …Continue Reading

Reinvent Technology Partners, a new special purpose acquisition company formed by famed investor and serial entrepreneur Reid Hoffman, Zynga founder Mark Pincus and veteran hedge fund manager Michael Thompson, filed Monday for a $600 million initial public offering. The SPAC was formed by Hoffman, Pincus and Thompson, formerly of BHR Capital, with the intention of […] …Continue Reading

Feeling like you should better understand special purpose acquisition vehicles – or SPACs — than you do? You aren’t alone. It isn’t like you’re totally clueless, right? You’re probably aware that Paul Ryan now has a SPAC, as does baseball executive Billy Beane and Silicon Valley stalwart Kevin Hartz. You likely know, too, that brash […] …Continue Reading

Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings Corp., with a market value of $1.6 billion. The agreement marks the latest company — and electric automaker — to become a publicly traded company through a merger […] …Continue Reading

I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a more pressing financial topic for us to parse. Let’s take a minute to take stock […] …Continue Reading