In July of 2017 I had an informative meeting with Tim Draper's DVN. A few weeks later news came out that he started a $50M SPAC called Draper Oakwood. The team he assembled to manage the SPAC had a strategy centered around finding modestly valued businesses and creating a repeatable process. A few month later Chamath Palihapitiya (@chamath) of Social Capital Hedosophia Holdings filed for a $600M SPAC with a much different approach that is not concerned with modest valuations and laser focused on long term capital appreciation. I was intrigued and started looking into how this type of investment vehicle is structured. What I came to realize is that every SPAC has one thing in common, the element of mystery.
The SPAC is Back
The SPAC is Back
The SPAC is Back
In July of 2017 I had an informative meeting with Tim Draper's DVN. A few weeks later news came out that he started a $50M SPAC called Draper Oakwood. The team he assembled to manage the SPAC had a strategy centered around finding modestly valued businesses and creating a repeatable process. A few month later Chamath Palihapitiya (@chamath) of Social Capital Hedosophia Holdings filed for a $600M SPAC with a much different approach that is not concerned with modest valuations and laser focused on long term capital appreciation. I was intrigued and started looking into how this type of investment vehicle is structured. What I came to realize is that every SPAC has one thing in common, the element of mystery.