A Look Inside VC Firms Joining The SPAC Rush

This month’s batch of SPAC filings included its fair share of venture capital firms, with at least three firms filing S-1 documents with the U.S. Securities and Exchange Commission in February.

Lerer HippeauKhosla Ventures and Advancit Capital all formed SPACs, according to SEC filings, with Khosla Ventures forming four blank-check companies. Forming a SPAC is another way for VC firms to allocate capital and serve their limited partners, Geoffrey Weinberg, senior managing director at D.F. King and Co., said in an interview. READ MORE