So, I would not call softbank an uninformed investor. Also, its all a bet. (It would be a fraud if I present false statements to the investor, but as long as

So, I would not call softbank an uninformed investor. Also, its all a bet. (It would be a fraud if I present false statements to the investor, but as long as I show correct statement (even if I am not profitable), then it is up to the investor to decide) The fact that a startup is profitable does not affect its value. Look at Amazon. For a long time it has 0 profitability, and yet, it is one of the most valuable companies in the world. Remember that startup or any assets should be valued using cashflow from the future (DCF). As long as I can show that I will have positive cash flow even in 10-20 years from now, I can state a value.