Wall Street goes to pot, and to the dogs — and that’s a good thing for Seattle’s startup scene

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An online marketplace that facilitates trade between marijuana sellers and buyers will soon own shares on Nasdaq. acted.

Another that connects pet owners with walkers, boarders and other carers his first profits as a public company.

and a 3 year old biotech company based in Redmond with just 25 employees, has just raised $ 80 million on its stock market debut.

SPACs stir up Seattle’s startup scene. In this episode of the GeekWire podcast, we explore how special-purpose acquisition companies turn startups into publicly traded stocks in the shortest amount of time. They give many of these companies access to additional sources of capital, create new risks for investors and raise questions about the long-term direction of the stock market.

Our guest (and guest audio editor) is Laurel Deppen, a journalist who interned at GeekWire in Seattle this summer Dow Jones News Fund, Reporting a wide variety of stories about the technology and business world of the region, including an earlier story via the upcoming public online cannabis marketplace Leafly.

Laurel Deppen at the GeekWire studio this week. (GeekWire Photo / John Cook)

She studied broadcast journalism at Western Kentucky University, where she was the editor-in-chief of the College Heights Herald, and in addition to participating in the podcast conversation, she edited this episode as one of the final assignments of her summer internship.

In the second part of the show, we talk to Laurel about her overall impressions of Seattle as a newcomer to the city, some of which are documented in her history. How Bumble BFF helped this Kentucky transplant make friends and break the Seattle Freeze.

And in our final section, it’s the return of the Random Channel, our section that explores the random things that caught our attention this week. Laurel talks about the HBO drama The white lotus, GeekWire co-founder John Cook on the new podcast The edge, and I share my excitement over the latest episodes of Kara Swisher’s New York Times podcast, pivot point.

Listen to the episode above and subscribe to GeekWire on any podcast app.

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