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SoftBank: Would you like some money at a $10 billion valuation? Startup: Sure. SoftBank: Here you go. Would you like some more at a $20 billion valuation? St
by chewz 7y ago
SoftBank: Would you like some money at a $10 billion valuation?
Startup: Sure.
SoftBank: Here you go. Would you like some more at a $20 billion valuation?
Startup: Sure.
SoftBank: Here you go. How about a $40 billion valuation?
Startup: This is dumb but it’s not like we’re going to say no.
SoftBank: Here you go.
Startup: Thanks brb buying a yacht.
SoftBank: Our mark-to-market investment returns are tremendous, we must be good at this.
If SoftBank keeps throwing cash at startups like WeWork, the numbers will start to lose their meaning. [June 14, 2018] - Matt Levine
[1] https://www.bloomberg.com/opinion/articles/2018-06-14/softbank-s-wework-investment-would-rapidly-double-valuation https://www.bloomberg.com/opinion/articles/2018-06-14/softba...