When the blank-check company craze took off last year, many venture capitalists were initially sheepish about forming SPACs of their own.
Venture firms were wary of adding a strategy that differs from their core business and concerned about the lack of public market expertise. But then VCs watched from the sidelines as a long string of private equity firms, hedge funds and other investors rushed to take advantage of abundant capital and lucrative opportunities in the SPAC market.
