Peter Thiel starts a $575 million SPAC called Bridgetown Holdings

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Matt Danzeisen, head of private investments at Thiel Capital, is the Chairman of Bridgetown Holding while Daniel Wong, a Pacific Century executive, is the CEO of the SPAC. 

Sam Altman, the CEO of OpenAI, and former president of Y Combinator, John “Jay” Hass, partner at RRE Ventures, and In Joon Hwang, the CEO of Line Corp will serve on the Bridgetown board.

Thiel and Li are the latest tech investors to jump into Wall Street’s hot SPAC market.

Dragooneer raised $600 million in August. And Mark Pincus and Reid Hoffman raised $600 million for a SPAC called Reinvent Technology Partners. 

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