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Wasn't Softbank an investor in WeWork? [1] [1] https://www.bloomberg.com/news/articles/2021-10-20/wework-stock-we-will-softbank-ever-make-its-17-billion-back h
by mmastrac 4y ago
Wasn't Softbank an investor in WeWork? [1]
[1] https://www.bloomberg.com/news/articles/2021-10-20/wework-stock-we-will-softbank-ever-make-its-17-billion-back https://www.bloomberg.com/news/articles/2021-10-20/wework-st...
- robocat 4y agoVC funds depend on a few massive successes, but the majority of their investments are expected to flame out. You cannot judge a fund by its glaring investment failures! But 95% of VC funds don’t make enough to beat their risk (see link in <https://news.ycombinator.com/item?id=32773493 https://news.ycombinator.com/item?id=32773493>). Conversely, even that 95% number only implies that VC funds are poor investments: perhaps a 5% chance to win 100x is worth a bet? Our intuitions are usually wrong when it comes to power laws.