Why are VCs launching SPACs? Amish Jani of FirstMark shares his firm's rationale

Why are VCs launching SPACs? Amish Jani of FirstMark shares his firm's rationaleWith every passing week, more venture firms are beginning to announce SPACs. The veritable blitz of SPACs formed by investor Chamath Palihapitiya notwithstanding, we’ve now seen a SPAC (or plans for a SPAC) revealed by Ribbit Capital, Lux Capital, the travel-focused venture firm Thayer Ventures, Tusk Ventures’s founder Bradley Tusk, the SoftBank Vision Fund, and FirstMark Capital, among others.



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