Looks like startups can raise too much money. I think organic growth with loans is a much better long term strategy.
I was very suspicious about all the packaging and farming shit we planned to enter but didn’t expect it to come down so quickly - just a couple of months. Truly it was a bit of a shock
Could see it from a mile away but agree didn't think it would shit the bed so quickly
No, not nearly in a capacity they believe to be impactful or successful
Didn’t think it would happen so quickly :(
Didn't expect it to fall down so ugly and fast, SoftBank must be a pile of shit now.
Interviewed there in 2019. Did not get a good sense of direction, and hearing about the CEOs enlightened experience coming back from a trip and changing direction of the company sounded a bit off putting. Got an ok offer for a startup, but declined it. Also, I never trust SoftBank and other Saudi VCs.
same here, interviewed in 2019. got a not too shabby offer, but I had a ton of questions about their business model and didn't get good answers from anyone. Dodget a bullet big time by not joining them (on work visa). Fun fact: I believe all people that interviewed me (and couldn't give me good answer on the business model) incl the hiring manager are part of the layoffs.
Yeah, i noticed all of the staff in the initial interviews have their linkedin profiles updated (except the recruiters). the VPs and execs in my final round still have their jobs it looks like
We saw it coming last summer easily. Knew it was a gigantic dumpster fire and started slowly networking then to get out.
Surprised, but clearly it was a flawed model, just that in the past SoftBank was respected , now SoftBank investment is a bad thing .