Reinventing the SPAC

One of the hottest topics in the technology and finance world right now is an old idea that has suddenly found new life, the special purpose acquisition company or “SPAC.” SPACs, which are sometimes referred to as blank check companies, are entities that go public and raise money from investors so that the IPO proceeds…

Mike Bloomberg speech on Trump’s Job Performance

Mike Bloomberg on Trump’s Job Performance

So often people talk about the Democratic Party as the party of pluralist, pie-in-the-sky idealism and the Republican Party as the party of practical, results-driven business. At last night’s Democratic National Convention, though, one of the world’s most successful, results-driven business leaders, Michael Bloomberg, made some key points. Bloomberg, of course, is not just a great…

Donald Trump, the Disease President

The Disease President

Since taking office in 2017, Donald Trump has repeatedly insisted he’s on the verge of replacing the extremely popular Affordable Care Act with “something so much better.” Usually, he claims the timetable for unveiling his healthcare plan is “about two weeks.” Last month Trump was at it again. “We’re signing a health-care plan within two weeks, a full and complete…

VC Investing During Covid

One of the top questions I’m asked these days is, “Are you still investing during the Covid-19 pandemic?” The answer, of course, is “Yes,” but the details are important enough that I thought it was worthwhile to explore them in greater depth and share them with entrepreneurs who are raising money, or thinking about doing so.…