Autonomous vehicle technology firm Luminar plans to go public via a merger with blank-check company Gores Metropoulos. Luminar makes a spinning laser sensor called LiDAR, or light detection and ranging, which enables self-driving cars to measure how far they are from other cars and pedestrians. The Luminar deal is the latest in a spate of acquisitions by SPACs, or special purpose acquisition...
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The Takeaway
“It’s Hard to Know Where It Stops”
There are weeks when I read the news and think, “Really? Can all of this be happening?” Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive...
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