Hey, everybody. Hey, everybody. It's another emergency podcast. And today, Blair the Horn,

we are going to talk about SPACs. There have been 297 SPACs raised in the first quarter of 2021,

special purpose acquisition corporations. Another way of saying a fancy way to take a company

public. There have been 297 of these SPACs raised in Q1. And that's on top of the 248 that were raised

in 2020. The average size of a SPAC is about $325 to $330 million. Some are bigger,

some are smaller, but putting those numbers together, we've had over 500 SPACs raised in the last

five quarters, a year and a quarter. And those in total equal $178 billion at least,

probably closer to $200 billion with a B. And today on the program, we're going to explain to you

what SPACs are, what companies are spacking, the dangers of participating in SPACs and the

opportunity. Because this is not like buying Disney or Netflix. This is much more like doing what

I do for a living, which is investing in private companies that may or may not have product market fit,

may or may not have customers. We're going to explain it all and we're going to go through a deck,

and you're going to be so much smarter if you just stick with us and listen to this episode.

Let's get to it. Do you ever wish you invested early in some of the best performing

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