Kevin Hartz: Explaining SPACs
Mercury Mercury
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 Published On Oct 14, 2020

This is Series Tea, a podcast where we find the greatest entrepreneurs and investors and force them to have tea with us  -  live on air.

This week, we're having tea with Kevin Hartz, co-founder and chairman of Eventbrite. He's an early investor in startups like PayPal, Airbnb, and Pinterest. Most recently, he founded A-*, a new special-purpose acquisition company (SPAC) which raised $200 million to acquire A-One and take it public.

In this episode, Kevin shares:
0:55: What a SPAC is and why he chose to start one
04:44: How he launched a SPAC in 60 days
15:45: The revenue number at which startups should go public
19:21: The difference between SPACs and direct listings
28:23: How SPACs work in practice

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