Utilizing a SPAC merger mechanism, Sarah Friar's Nextdoor debuted in November 2021 with a 40% surge in the first hour. One of the problematic things about using historical success to make investment decisions, is many don't appreciate the impact of survivor bias. In an environment less destructive to women, more women led businesses grow, and we are very pleased to see SPACs being used as a vehicle to take female led companies public favorably. It's time to reap some of the seeds fostered by smart, early investors in women. Invest in more women; expect more of these exits as we grow the pipeline from startup to IPO.
Article to read more on the merger entrance: https://www.bloomberg.com/news/articles/2021-11-08/nextdoor-surges-in-public-market-debut-after-spac-merger