Yesterday my good friend Jeff Weinstein published an excellent presentation on SPACs (see video below, from minute 3:35 onwards). High performing companies are and will continue to be courted by SPACs. It is important to know what they offer, but also their pitfalls. One of our top portfolio companies recently turned down a multi-billion dollar SPAC offer. It wasn't the right fit for them, but it was an important acknowledgment of how far the company has come. In other cases,
