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Tech companies have really soared in price over the past year or so. So it's almost impossible now to find good growth prospects in today's market. That's why lots of people - myself included - are waiting cash in hand for a new generation of tech unicorns to IPO, so we can scoop them up before they too become unaffordable.

Unfortunately IPOs are long, painful and costly affairs for the startups in question, so many of them are now opting for a different, more direct route to market by merging with shell companies called SPACs. This saves them a lot of time and money and guarantees their valuation, all good things for the startup. But is the SPAC mania also good for retail investors like us?

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