SPACs have flipped the script on the multidecade model of development for early-stage startups, enabling fledgling companies with little or no revenue to tap public markets sooner, The Wall Street Journal reports. The shift lets amateur investors — long excluded from startup wealth creation—get in on the ground floor of disruptive businesses. It is a dynamic that can lead to huge returns but also carries big risks, as young companies are far more vulnerable to going belly up. Read more.
SPAC Frenzy Emboldens Silicon Valley Startups to Forgo Venture Funding: Report
