3 ms·
I wasn't aware of that. So it's a bad example but the idea behind VC investing still stands.
by jakemal 7y ago
I wasn't aware of that. So it's a bad example but the idea behind VC investing still stands.
- OnlineGladiator 7y agoI understand your point. My point (which I didn't really explain, so that's my fault) is that SoftBank is an especially terrible VC firm - at least when it comes to making money.
- rhizome 7y agoEh, in general, but equating the reasonableness of a fund by the percentage of their total is not sound. $100B can still be dumb money, and inventing valuations as a product of this is actually harmful to actually-viable companies. It sucks the air out with bad money (if you can believe in such a thing). "VC" is not a synonym for "smart money," and "the idea behind VC" being "everybody is betting tho" doesn't explain their outsized presence and outsized effects.