Altimeter's Brad Gerstner on taking Grab public in largest SPAC ever, fixing broken IPOs | E1203

Jason Calacanis and Brad Gerstner discuss the flaws of the IPO process, the emergence of "power to the people" business models, and the story behind Zillow's Zestimate. They also delve into the rise of low-quality SPACs, the impact of retail traders and social media on investor safety, and how to encourage good investing practices. The conversation wraps up with a look at the revival of instant commerce and the idea of making everyone an owner to demonstrate capitalism's effectiveness.