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...on around $100B of capital raised. i.e., -39%. Poof! So far. -- For those here who don't know, Masayoshi Son almost lost everything in the dotcom bust of
by cs702 3y ago
...on around $100B of capital raised.
i.e., -39%. Poof!
So far.
--
For those here who don't know, Masayoshi Son almost lost everything in the dotcom bust of 2000-2002.
A single investment saved him from ruin back then: Alibaba. Was that luck or skill? In hindsight, it looks a lot like luck to me.
Either way, he's clearly a bet-the-farm-and-actually-can-lose-the-farm kind of guy.
- themitigating 3y agoI know what you mean by "bet the farm" but let's remember that he won't ever go hungry or be homeless.
- mrguyorama 3y agoEasy to do when you only have to bet other people's farms.
- selimthegrim 3y agoThey will be buying the farm at this rate
- httpz 3y agoHe started from nothing and he's still a billionaire so I wouldn't just dismiss him like that. He's just a different type of businessman who likes making big risky bets.
- lotsofpulp 3y agoPeople on this forum should be very happy a guy like him exists who can efficiently transfer wealth from rich Middle Easterners to employees of tech companies.
- prottog 3y agoAs I've heard it stated elsewhere, startups are an inefficiency between the transfer of wealth from VCs to Bay Area landlords.
- Danieru 3y agoExcept get this: that middle east money is safe. It is softbank itself which takes the upside and downside to the vision fund. The middle east money earns a fixed and constant return. I am very glad I sold my softbank shares two years ago. Son is a gambler with horrible bet sizing skills.
- smabie 3y agoWhat do you mean?