The Swedish venture capitalist who over a decade ago ignored the skeptics and backed Spotify is now voicing skepticism toward blank check companies as he gets inundated by bids, Bloomberg reports.
Northzone’s Par-Jorgen Parson says he’s “been getting calls from many SPACs from all over the world wanting to buy our portfolio companies.” But as a model, the SPAC “is not very interesting” for Northzone, he said in an interview from Stockholm. Read more.
