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Re:Facebook establishing a venture arm to invest in startups by fheilz on Saturday June 13, 2020 @12:12PM (#23510444)
Would you take a penny from Softbank?
Re:Facebook establishing a venture arm to invest in startups by amitutk on Saturday June 13, 2020 @12:17PM (#23510477)
A penny from Softbank? Didn't you get the memo? Softbank requires you to take at least 1 billion.
Re:Facebook establishing a venture arm to invest in startups by cosmodisk on Saturday June 13, 2020 @12:37PM (#23510649)
Getting funding from Softbank is like foie gras: they'd literally stuff dollars down your throat.
Re:Facebook establishing a venture arm to invest in startups by andy_ppp on Saturday June 13, 2020 @05:03PM (#23512709)
Yes, it might end up making your startup sick too...
Re:Facebook establishing a venture arm to invest in startups by fheilz on Saturday June 13, 2020 @12:33PM (#23510615)
:|
Re:Facebook establishing a venture arm to invest in startups by hackingthenews on Saturday June 13, 2020 @12:37PM (#23510645)
and if you don't they will force your competitor to take $1B.
Re:Facebook establishing a venture arm to invest in startups by tfehring on Saturday June 13, 2020 @01:40PM (#23511127)
I 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.
Re:Facebook establishing a venture arm to invest in startups by stu2b50 on Saturday June 13, 2020 @01:06PM (#23510863)
Softbank is not a software company and probably isn't trying to copy and undercut your business in the future
Re:Facebook establishing a venture arm to invest in startups by TeMPOraL on Sunday June 14, 2020 @05:25AM (#23516234)
Nah, they'll just fund your competitor as well, and pit you against each other to see who survives :).
Re:Facebook establishing a venture arm to invest in startups by stu2b50 on Sunday June 14, 2020 @02:26PM (#23519981)
Even 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.