Bill Gurley, the Silicon Valley venture capitalist most closely associated with Benchmark Capital, recently published a piece about how the traditional IPO process is broken, that the direct listing alternative is better but not perfect, and that SPACs will solve the problems that both IPOs and direct listings have.
Will SPACs Save the Public Markets?
Will SPACs Save the Public Markets?
Will SPACs Save the Public Markets?
Bill Gurley, the Silicon Valley venture capitalist most closely associated with Benchmark Capital, recently published a piece about how the traditional IPO process is broken, that the direct listing alternative is better but not perfect, and that SPACs will solve the problems that both IPOs and direct listings have.