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SoftBank Is Breaking the World
- mdorazio 7y agoIt seems pretty clear to me that the root of all this nonsense is artificially low interest rates for a decade paired with increasing wealth accumulation among a small portion of people. The former has led money out of traditional investments and into VC seeking high returns while the latter has led to an explosion of angels and LPs with too much money and not enough productive things to spend it on. Unfortunately, it looks like neither of these is going to be resolved any time soon. However, we at least now have a couple years worth of public investors who've been burned this time around and startup kids who got hosed by highly devalued options before they could cash out, so maybe a small amount of sanity will return to the startup world.