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The fact that this was a SoftBank backed company, the insane valuation placed on it, the poor vetting of founders/higher management, and the wild gyrations requ
by softasyrbank 7y ago
The fact that this was a SoftBank backed company, the insane valuation placed on it, the poor vetting of founders/higher management, and the wild gyrations required when new decisions come down every month (get more customers doesn't matter if they are profitable! no, stop getting customers, they aren't profitable yet! etc) does in-fact have a lot to do with the outcome tho
signed: someone who programmed for a SoftBank backed company
- _-___________-_ 7y agoDo SoftBank have a lower success rate with their bets than other VCs?
- mrnobody_67 7y agoToo early to tell. Funds have 10 year lifespans... But their biggest bets are heavily in the red and they are having trouble raising their second fund, which means LPs are doubtful they can return top quartile VC returns.
- leshokunin 7y agoNo question about that. I’m just pointing out the extra scrutiny to something I believe we see in the average VC portfolio and the average startup.