I don't think it's that you have a flawed business model. If you look at it, Softbank invests in monopoly-reliant businesses, usually at a later stage. For an i

I don't think it's that you have a flawed business model. If you look at it, Softbank invests in monopoly-reliant businesses, usually at a later stage. For an investor, monopolies are good in the software space, but they turn sour once you go into the real world, where overheads and incumbent competition are much more significant.