> They continue to drop in value day by day Pinterest hasn't had a down day yet. I agree with you that the increase in late-stage rounds and consequent delaye

> They continue to drop in value day by day Pinterest hasn't had a down day yet. I agree with you that the increase in late-stage rounds and consequent delayed IPOs is generally a bad thing, but not sure SoftBank is the primary culprit. And certainly during the dotcom days companies went public much sooner but that didn't prevent a bubble and subsequent crash requiring a decade+ of recovery. MSFT didn't get back to their 1999 high until 2016.