Snowflake, Sumo and SPACs

<p>That Was The Week #37</p> <p>This week Chamath Palihapitiya announced that he has 3 more SPACs set up and ready to go. These SPACs are vehicles to enable a company to go public, and get cash, without an IPO. Instead of gifting cash to the friends of Morgan Stanley this method gifts cash to Chamath and his friends.</p> --- Support this podcast: <a href="https://anchor.fm/keith-teare/support" rel="payment">https://anchor.fm/keith-teare/support</a>