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Between WeWork and Uber (which is trading at a valuation below its raise in May 2016), SoftBank's Vision Fund isn't looking so hot. How will this affect other c
by gringoDan 7y ago
Between WeWork and Uber (which is trading at a valuation below its raise in May 2016), SoftBank's Vision Fund isn't looking so hot. How will this affect other companies who took money from SoftBank?
I wonder if some of these companies have painted themselves into a corner by accepting such high valuations. Each round of financing is coming from greater and greater fools...except the public markets are not as foolish as SoftBank and sovereign wealth funds. This isn't going to be good for the employees who want some liquidity.