Once again the show Silicon Valley satirizes this extremely well: https://youtu....

		satvikpendem on March 2, 2023 \| parent \| context \| favorite \| on: The SPAC Fad Is Ending in a Pile of Bankruptcies a... Once again the show Silicon Valley satirizes this extremely well: https://youtu.be/YZFTaEenaHM The product of a VC backed company is not whatever it sells; the product is its stock, to be sold in the IPO to make the VCs and founders shit tons of cash.