@jimcramer @SpacGuru @SPACtrack This week was an example of how the institutionalized IPO process is a slap in the face for the retail investor. We would have missed all the upside in $DASH and $ABNB - the venture capitalists and institutional investors made all the money along
the way. We would have had to buy at the open and made little to no money. Instead, the #SPAC process gives us a chance to get in early.
We can buy a #SPAC at $10 if we like the management team. We can buy the #SPAC up a little higher if they announce a deal we like. We can do our due diligence before the SPAC de-spacs. We get in early!
And then, the ticker changes, the sell-side initiates coverage and mutual funds who couldn't buy SPACs can now buy. It takes them a long time to do their work, meanwhile the retail investor can use their network to collective do the research. Look at $KCAC / $QS as an example.
@chamath @SpacBobby @RobEducated @Doc_Steve_Brule @grassosteve @yatesinvesting The IPO process is rigged for the institutions, whereas the #SPAC process gives retail a chance to invest in stories much earlier. Sure, there is volatility, but we aren't stuck buying $ABNB at $100bln
Please re-tweet if you agree with @DoctorSpac . The media and the investor elite must stop making fun of the @SPAC process. Power to the people. Keep your $DASH and $ABNP, give us more $KCAC at $10.