SPAC Frenzy Emboldens Silicon Valley Startups to Forgo Venture Funding ...Middle East

The Wall Street Journal - Technology
SPAC Frenzy Emboldens Silicon Valley Startups to Forgo Venture Funding
Private companies used to raise round after round of venture capital before listing publicly. But thanks to SPACs, more zero-revenue startups than ever before are jumping into the public markets with valuations exceeding $1 billion.

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