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What is up with Softbank? It seems to be throwing a lot of its money into overvalued late stage funding rounds for companies that don't really have growth poten
by ummonk 7y ago
What is up with Softbank? It seems to be throwing a lot of its money into overvalued late stage funding rounds for companies that don't really have growth potential left in them.
- rossdavidh 7y agoHypothesis: they have been given more money than they have good investment targets for, among others by Saudi Arabia after they postponed the Aramco IPO. They had to invest that money somewhere, so they gave companies like Uber and WeWork 10x what their most generous investment should have been. Disclaimer: I don't have any inside or expert knowledge about Saudi Arabia or Softbank. But they seem to have been stuffing billions of dollars into companies that can pretend to be "tech", but aren't really.
- alephnan 7y ago> they have been given more money than they have good investment targets for Why not give the money back?
- rossdavidh 7y agoI'm not saying you're wrong, but I'm not surprised that they didn't.
- jethro_tell 7y agoLol, because they probably already spent their fee.