Pretty new to investing. Can someone please explain what a SPAC is? And the difference b/w a SPAC and a VC?

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Venture capital gets in on the ground floor. A SPAC is pooled money to bring an already established business public rather than through the IPO process. A SPAC does not identify a target until it is finalized. It’s a bet on the management of the SPAC to find a good target.

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