Why Some Startups Are Skipping Venture-Capital Funding

For decades, tech startups have relied on rounds of venture capital to fuel early-stage growth before eventually going public. But recently more are turning to an alternative route to raising capital and securing a public listing: through special purpose acquisition companies, known as SPACs or "blank check" companies. Reporter Heather Somerville explains the trend and breaks down the risks and potential benefits. Amanda Lewellyn hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices