2020 has been the year of SPACs led by Venture Capitalists (VC) firms and individuals. Some people have compared SPACs to ICOs, in terms of hype and also potential outcome (ICOs flared up with a lot of drama and gov’t scrutiny). I believe SPACs can play an important avenue for specific companies, typically those that are more capital intensive and take a while to get to maturity. From a retail perspective, it provides an opportunity for investor to get access to technology companies that still have a lot of upside.

Here are the active SPACs in market today, including the amount of it:

VC firm led SPACs

Ribbit Capital $350M –

FirstMark Capital $360M –

Lux Capital $300M –

General Catalyst $500M –$500-millio

Social Capital – 5 SPACs for a total of $3.2B+ –

Altimeter $450M –

Dragoneer $600M –

Social Leverage $300M

Science $270M

Fifth Wall $300M

Lerer Hippeau $200M

Tribe Capital $200M

ARCH Venture Partners and General Catalyst $500M

Advancit Capital $350M

Individual VCs (but not their firms) SPACs

Reid Hoffman (of Greylock) $600M

Bradley Tusk (of Tusk Ventures) $300M

Brad Feld (of Foundry Group) $225M

Jeff Ransdell (of Fuel Venture Capital) $200M

I know of several other VC led SPACs coming online. More to come for sure.

Relative to all the SPACs that have been raised this year and previous years (see below), the number and total value of VC related SPACs is tiny percentage. Image is via

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