Cryptocurrency/Decentralized Finance (DeFi)

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Chamath warns retail investors to avoid his new SPAC
Yahoo Finance· 2025-10-02 03:27
On Tuesday, a new SPAC from VC and All-In podcast host Chamath Palihapitiya became a public company. Dubbed with the lofty name “American Exceptionalism,” it raised $345 million with a mission to acquire one or more startups in the fields of energy, AI, crypto/DeFi, or defense, then convert those companies into publicly traded entities. But Palihapitiya wants retail investors to know: He strongly advises you not to buy the stock, even though he has reserved a tiny fraction — just over 1% — to be traded o ...