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Many SPACs need to get skinnier in order for deals to work, VC David Blumberg told Insider.
SPACs that raise a lot of money won t have enough startups to pick from, he said.
There are signs that a downsizing is coming: Sam Altman s SPAC recently slashed its offering.
The market for SPACs is cooling off, and there are early signs that they re starting to scale back. But that may not be a bad thing for startup CEOs looking to take their company public via