Re:With $600M 'Blank Check' IPO, VCs Experiment on Startup L...
by danielahn on Tuesday September 19, 2017 @11:29AM
(#15285492)
Sorry for late reply!
20% is standard SPAC comp.
Also yes, I apologize, you are right - they get 20% of the value of the SPAC, so if they buy 10% of a company, they are only getting 20% promote on that 10%.
20% is standard SPAC comp.
Also yes, I apologize, you are right - they get 20% of the value of the SPAC, so if they buy 10% of a company, they are only getting 20% promote on that 10%.