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In my opinion, SoftBank is a below average VC firm (I used to work for one of their companies and was actually a fly on the wall for some of the strategic fundr
by MegaButts 7y ago
In my opinion, SoftBank is a below average VC firm (I used to work for one of their companies and was actually a fly on the wall for some of the strategic fundraising conversations). They just have way more money than everyone else, which is important. But I'm pretty sure they're going to lose money in aggregate. Don't forget this guy famously lost more money than anyone in history.
https://arstechnica.com/information-technology/2012/10/how-sprints-new-boss-lost-70-billion-of-his-own-cash-and-still-stayed-rich/ https://arstechnica.com/information-technology/2012/10/how-s...
- KaoruAoiShiho 7y agoCan you talk about in general terms what you heard that makes you think SoftBank isn't that good at what they do?
- MegaButts 7y agoThe company I worked at was a clusterfuck, to put it mildly. It was going to shut down (this is not public knowledge, and very few of the employees are aware of this) before SoftBank injected a stupid amount of capital into it. I fully understand VC portfolios are about the aggregate, but I do not see how a competent firm could possibly see that as anything other than a waste of money.
- H8crilA 7y agoSoftBank is something in between a VC and the public market. Typical startup path: seed funding, a few VC rounds, SoftBank round, IPO.
- MegaButts 7y agoMy point is SoftBank is dumb money, and I believe in 10 years they will be a business case on one of the worst money management programs in history.