From January 2015, she started to practice leetcode questions; she trains herself to stay focus, develops "muscle" memory when she practices those questions one by one.
2015年初, Julia开始参与做Leetcode, 开通自己第一个博客. 刷Leet code的题目, 她看了很多的代码, 每个人那学一点, 也开通Github, 发表自己的代码, 尝试写自己的一些体会.
She learns from her favorite sports – tennis, 10,000 serves practice builds up good memory for a great serve. Just keep going.
Hard work beats talent when talent fails to work hard.
Sunday, February 14, 2021
Chamath Palihapitiya on why he's taking Clover Health public through a SPAC
Social Capital founder and CEO Chamath Palihapitiya joins "Squawk Box" to discuss why he's taking Clover Health public. Clover will go public via a merger with Social Capital Hedosophia Holdings Corp. III, a special purpose acquisition company. The deal values Clover at $3.7 billion and includes up to $1.2 billion in cash proceeds, $400 million of which will be provided through a Palihapitiya-led private investment in the public entity. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Chamath Palihapitiya has found his next SPAC target — Clover Health, a Medicare insurance start-up backed by Alphabet.
Clover will go public via a merger with Social Capital Hedosophia Holdings Corp. III, a special purpose acquisition company. The deal values Clover at $3.7 billion and includes up to $1.2 billion in cash proceeds, $400 million of which will be provided through a Palihapitiya-led private investment in the public entity.
“What we have is a business that’s actually delivering the promise of technology-improving, better outcomes and lower cost health care,” Palihapitiya said on CNBC’s “Squawk Box” on Tuesday. It’s “a market that I think is huge and growing quickly” and a business “that is consistently taking share year over year over year.”
“This is one of the most straightforward investments I’ve ever made,” Palihapitiya said. He added by 2023 the company will have overall profitability.
The move came just three weeks after Palihapitiya unveiled his $4.8 billion SPAC deal with real estate start-up Opendoor. The billionaire gained success with his first blank-check transaction that took space-tourism company Virgin Galactic public last year and has been particularly active in the SPAC world in 2020. Palihapitiya previously revealed he has reserved tickers from “IPOA” through “IPOZ” on the New York Stock Exchange.
Founded in 2013, Clover sells Medicare Advantage in the U.S. and currently has more than 57,000 members across seven states. The deal will provide “significant capital” for the company to “scale and improve health outcomes for seniors across the United States,” the company said in a statement on Tuesday.
A SPAC is formed to raise funds to finance a merger or acquisition typically within two years. The target firm will be taken public through the acquisition.
As an alternative to traditional IPOs, SPACs have experienced explosive growth this year amid unprecedented volatility brought on by the coronavirus pandemic. Total proceeds from SPACs have exceeded $40 billion this year, nearly tripling the levels from a year ago and on track for a record year, according to Refinitiv.
Many investors and companies turn to the SPAC route for its time efficiency as well as certainty of execution. Companies can also skip the roadshow process and avoid some of the scrutiny that goes with a traditional IPO. Involvement from high-profile investors including hedge fund billionaire Bill Ackman and Oakland A’s executive Billy Beane brought more hype to this vehicle.
Palihapitiya said last month that the SPAC boom is healthy for the overall market that is shrinking by number of stocks and is highly concentrated in megacap technology names.