To PE/HF people over 30: Why not start a SPAC?
Title says it all. Why not? You basically put up nothing in exchange for massive reward if you find a co to take public. Can even tailor aim of SPAC to your liking (distressed guys can start a SPAC looking to take reorg names public, growth guys obviously). You're in your 30s, so I would imagine you have an big network- I'm sure a MF principal or big HF sr analyst can raise 100-200mm+ for a SPAC, if not multiple SPACs. Sponsor gets 20% of that, those economics seems hard to beat. 2 years to bring a company public…
Bump
Where are you going to get the risk capital?
Extremely hard to raise a SPAC right now without a very credible team/board. Plus the economics you have to share to get the IPO off the ground make it far less attractive a use of time than it was a year ago
how hard is it to raise capital?
This would have been a great idea... 18 months ago.
Quis neque dolor cum labore rerum. Autem fuga aut dolor. Dolorem cum nihil provident ipsam beatae.
Quo consequatur a culpa atque est et incidunt. Numquam provident est culpa qui sequi ipsam sit delectus.
Dolor consequatur quia accusamus est. Ipsam aliquid aut at qui eos ab. Officia eum est sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...