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first spotted the vote news ; Bird is based in the Los Angeles metropolitan agglomeration. Shares of Switchback II Corporation are off more than 14% in morning trading today, appearing to sell off sharply in the wake of news that the blank-check company’s merger with scooter company Bird has been approved by shareholders.
The Strategic Innovation Center (SIC) will serve as a hub for financial technology (fintech) and insurance technology (insuretech) startups. Plug and Play’s network consists of 50,000 startups, over 500 leading corporations, and hundreds of venturecapital firms, universities, and government agencies.
Some of those bets involved actual venturecapital dollars. Others involved individual decisions on where to live: do you bet on the future of San Francisco or do you want to partake in the growth of some other startup hub? No one else built Substack, and that’s where the insecurity starts in the startup world.
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