SPAC Wave Stirs IP Competition
SPACs have been all over the headlines the past year, but they’re not the only alternative to traditional IPOs that are booming. Rod Turner explains the differences between SPACs, direct listings, and Regulation A+ offerings.
Is Substack really worth $650M?
Something is worth what someone is willing to pay for it, and apparently investors are willing to pay $65M for 10% of Substack. This begs the question: how much have they given up along the way to raise that money?