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Would you take a penny from Softbank?
by fheilz 6y ago
Would you take a penny from Softbank?
- amitutk 6y agoA penny from Softbank? Didn't you get the memo? Softbank requires you to take at least 1 billion.
- fheilz 6y ago:|
- hackingthenews 6y agoand if you don't they will force your competitor to take $1B.
- cosmodisk 6y agoGetting funding from Softbank is like foie gras: they'd literally stuff dollars down your throat.
- andy_ppp 6y agoYes, it might end up making your startup sick too...
- stu2b50 6y agoSoftbank is not a software company and probably isn't trying to copy and undercut your business in the future
- TeMPOraL 6y agoNah, they'll just fund your competitor as well, and pit you against each other to see who survives :).
- stu2b50 6y agoEven if that happens, that's fine. Softbank has no incentive for your business to fail. The company that dies, is more money out of the visionfund. On the other hand, FB does have an incentive. Sure, they lose that investment, but they gain their own internal company that they own 100% of which has eaten your marketshare.
- tfehring 6y agoI wouldn't take a penny from either. It's a wide world with an unprecedented amount of capital in the hands of wealthy investors. There are plenty of funding sources that are neither surveillance monopolists nor government administrations that torture and murder journalists.