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This sounds like an acknowledgment of defeat of the "just throw a ton of cash at it" SoftBank approach that is proving to really be a bust. If I'm not mistaken
by rexreed 7y ago
This sounds like an acknowledgment of defeat of the "just throw a ton of cash at it" SoftBank approach that is proving to really be a bust. If I'm not mistaken A18Z also has that same philosophy of find the winner-that-you-want and then throw-all-the-money-at-it-until-it-wins approach. Then dump it on the market and hope it can stand on its own.
Whatever happened to invest capital in good founders with good products in good markets and let the founders do their thing, with investors supporting them? Or has that venture approach which seems to have worked from the 1970s through the 1990s (and maybe early 2000s) stopped working well enough?
The 1970s-early 2000s produced some real companies providing real value and are still around for the long haul. I'm not so sure about the post-recession VC-inflated startups that seem to be more about big money and big egos than big value.