SoftBank had been good news and bad news both at the same time for tech. The good news is that they have so much money that they don’t know what to do with it.

SoftBank had been good news and bad news both at the same time for tech. The good news is that they have so much money that they don’t know what to do with it. On the top of this, they have moronic non-technical people who were only “technical” like a decade ago to do the evaluations. So if you have a startup and mild ability to hype up to these folks, you come out laughing with millions in your hand almost instantly. The bad news is that they are absolutely incompetent VCs. Just look at their recent investments in things like impossible io. Whenever I think who the hell in their right mind will invest in this completely bogus and fraudulent company, SoftBank comes around and buys them up with billion dollars. They have no differentiation between betting on risky startup vs betting on bogus startup. They are currently biggest party responsible for hyping up lots of startups for absolutely no apparent reason.