Byrne Hobart called it “the Vegas Wedding Chapel of liquidity events” - quick and easy. One of the hottest trends of 2020 among late stage tech companies was to go public via a SPAC or Special Purpose Acquisition Company. SPACs are essentially blank cheque companies set up and listed with the sole purpose of merging and taking another company public in the next 2 years or so. This episode however is much more than just about SPACs. For anyone interested in Venture Capital, growth investing and tech - it is a must listen! Our guest on the show, Gopal Jain co-founded Gaja Capital, one of India’s leading Private Equity firms, in 2004 and is a managing partner at the firm. He has led several of the firm’s investments in sectors including education and financial services. He is one of the more experienced private equity investors in India having led or co-led over 25 private equity investments since 1995. This episode is part of a 4 episode series on the best Indian business books nominated for the prestigious Gaja Capital Business Book Prize 2020. Don’t miss out Gopal’s 1 key tip at the end of the show on how to break into Private Equity. Hope you enjoy the show! Get on the email list at turnaround.substack.com