smallscientist
Re:23andMe to merge with VG Acquisition Corp. to become publicly-trade...
on Friday February 05, 2021 @12:43PM (#26038974)
Most sponsors don't hold shares unless for the stock pops way beyond the $10. For the average company, you may end up as a public company with no cash raised. This can be mitigated by a concurrent PIPE, but otherwise you're SOL.
Re:23andMe to merge with VG Acquisition Corp. to become publicly-trade...
on Friday February 05, 2021 @12:40PM (#26038939)
No, you're not coming out ahead. You're roughly paying a 20% cost of capital. In today's frothy markets, you might make up for that in the public markets, but it does seem that mostly second tier companies are going public through SPACs.
Re:The ‘Geno-Economists’ Say DNA Can Predict Our Chances of Success
on Tuesday November 27, 2018 @11:34AM (#18543759)
If they were smart economists, they would have pushed the words together to say “genoconomists”