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Haha a little off topic but I'm curious. I work in a Softbank invested startup (not Wag). Could you elaborate about Softbank being the most silly part? Is it si
by gnulinux 8y ago
Haha a little off topic but I'm curious. I work in a Softbank invested startup (not Wag). Could you elaborate about Softbank being the most silly part? Is it silly in this case, or in general about companies Softbank invests in?
- Judgmentality 8y agoI'm just unimpressed by their investments, and their ridiculously large sums of money thrown into companies which may not need it. I worked at a Softbank company before, and while the fundraise was heralded as a brilliant move at the time the few in the know realize that the company likely would have shut down had Softbank not put up their ridiculously large sum of money (the public and media still love this company and knows nothing of this). Obviously this is just my opinion on their investment strategy and time will tell - they make money or they don't. But I have insider information that at least one of their bigger deals is definitely going to fail.
- tomaskafka 8y ago1. Get reasonable investors for a risky adventure. 2. Investors sense it's going to turn bad, they sell over to Softbank. 3. It takes a while, but Softbank realizes what they bought and sell it to an even dumbest last instance buyer - some Dubai state oil-funded venture fund. 4. The company finally crashes.