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Venture capitalist Brad Feld has been active as an entrepreneur and investor since 1987. Feld uses a disciplined approach to investing.
Here are some ways to invest like Feld.
About Foundry Group and Feld: Foundry Group is the venture capital firm led by Feld and others.
Foundry Group was an early investor in
Zynga Inc (NASDAQ: ZNGA), MakerBot and
Fitbit Inc (NYSE: FIT). Current investments for Foundry Group include Rover, Seat Geek and StockTwits.
The venture capitalist group takes stakes in companies through seed and series A investment rounds. Foundry also provides additional capital throughout the entire life cycle of the startups, helping along the way with its experience in starting and growing companies.
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SPACs have been one of the hottest stories for investing in 2020 and look to be a major theme in 2021, with hundreds of potential deals that could be announced.
Benzinga is home to the live SPACs Attack show that airs Monday through Friday at 11 a.m. ET. On Wednesday, co-hosts Chris Katje and Mitch Hoch shared their top SPACs that are trading between $10 and $11.
Chris’s Picks:
RedBall Acquisition (NASDAQ: RBAC) has been linked to merging with Fenway Sports Group. A deal would give investors another publicly traded sports team. Fenway Sports Group owns MLB’s Boston Red Sox and the Liverpool Football Club of the English Premier League.
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The number of SPACs that file to go public continues to rise as we close out 2020. A uniquely named offering includes a management team of all women.
The SPAC: Queen’s Gambit Growth Capital is seeking to raise $225 million in an offering. The units will include one half of a warrant.
The SPAC is led by Agility, a logistics provider, and Luxor Capital Group.
Common shares will trade on the Nasdaq as GMBT. The SPAC and symbol are a nod to “The Queen’s Gambit” series on Netflix Inc (NASDAQ: NFLX), which follows a female chess player.
The Management Team: The team is led by Victoria Grace, who founded Colle Capital Partners in 2015.
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The European market continues to see strong adoption of battery powered electric vehicles and plug-in hybrid electric vehicles.
What Happened: Through the first 11 months of 2020, Europeans have registered 1,085,000 new electric vehicles, according to EV Sales Blog and InsideEVs.
The 11-month totals are up 198% year-over-year and represent 10% of all new vehicle sales in Europe.
In November, 166,255 new electric vehicles were sold. The total represents 16% market share for new cars in Europe, split evenly between battery powered (8%) and plug-in hybrids (8%).
Battery-powered vehicle sales were up 182% year-over-year. Plug-in hybrid sales were up 217% year-over-year. The large increase came as the overall car market saw a 14% year-over-year decline in sales.
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A leading pure-play provider of semiconductor and software solutions for automotive companies is going public via a special purpose acquisition company deal.
The SPAC Deal: Indie Semiconductor is going public via the SPAC
Thunder Bridge Acquisition II (NASDAQ: THBR). The deal values the company at an enterprise value of around $1 billion.
Shares of the new company will trade as INDI on the Nasdaq. Shareholders of Thunder Bridge Acquisition II will own 23.8% of the new company.
About Indie: Indie is helping automotive companies with autonomous connectivity, user experience and vehicle electrification.
The company said it has unparalleled semiconductor and software integration, with an efficient design process.