Re:SoftBank’s $375M bet on pizza went bad fast
by jakemal on Saturday February 15, 2020 @02:36PM
(#22337407)
I wasn't aware of that. So it's a bad example but the idea behind VC investing still stands.
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Re:SoftBank’s $375M bet on pizza went bad fast
by OnlineGladiator on Saturday February 15, 2020 @02:43PM
(#22337461)
I understand your point. My point (which I didn't really explain, so that's my fault) is that SoftBank is an especially terrible VC firm - at least when it comes to making money.
Re:SoftBank’s $375M bet on pizza went bad fast
by rhizome on Saturday February 15, 2020 @04:09PM
(#22337993)
Eh, in general, but equating the reasonableness of a fund by the percentage of their total is not sound. $100B can still be dumb money, and inventing valuations as a product of this is actually harmful to actually-viable companies. It sucks the air out with bad money (if you can believe in such a thing).
"VC" is not a synonym for "smart money," and "the idea behind VC" being "everybody is betting tho" doesn't explain their outsized presence and outsized effects.