3 ms·
Liquidation preferences make it so that usually the large investment is a lot less risky than the smaller ones. It's also a lot less likely to have outsized re
by gomox 8y ago
Liquidation preferences make it so that usually the large investment is a lot less risky than the smaller ones.
It's also a lot less likely to have outsized returns (50x?), but at those levels of capital, almost no investment is able to.
- plouffy 8y agoIt's also a capital issue. Softbank has so much money, that looking at $5m companies is just not worth their time.