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It pains me to see such massive amounts of money wasted on a real estate ponzi scheme and a ride sharing company with a weak revenue model. If they're going to
by KoftaBob 6y ago
It pains me to see such massive amounts of money wasted on a real estate ponzi scheme and a ride sharing company with a weak revenue model.
If they're going to call themselves a "vision fund" that focuses on moonshots, and has the risk appetite to lose large sums of money doing that, at least invest in actual moonshots.
Biotech, green energy, new forms of transportation like Hyperloop and improved supersonic jet designs. There are so many breakthroughs that need lots of funding and can be quite profitable if successful.
I would love to see funds like SoftBank invest more in the SpaceX's of the world less in the WeWorks of the world.