Is Softbank the worst VC?
Every single investment of Softbank seems to be back firing. Saw news that OYO, Wework, Getaround are laying off employees. It seems to me that if it is for anybody to be laid off it is the investment managers and the partners. Pathetic!
Mass thinks he knows everything 🤦♂️
Yes. The founder is an idiot. His investment strategy is “gut feeling” and he is proud of it. He only got lucky with alibaba
The bad ones get press but they also funded Nvidia, Uber, Slack, ARM, Getaround, Doordash, SoFi
There are lots of terrible VCs these days. Anyone with a few million dollars is trying to find the next unicorn with a shitty business model that only grows by raising more money at a higher valuation than the prior round. SoftBank is just the poster child. Ultimately this is all a symptom of too much money in the system trying to chase returns.
VC is a numbers game, I suspect 50/50 success rate would be considered pretty good but sometimes they're going to hit some massive failures.
Unlimited money will make anyone a good investor. Cuz it's a numbers game.
They seem to be a negligent and capricious VC, but the layoffs right now seem to be less that they backed the wrong horses, and more like kneejerk reactions after the WeWork debacle
maybe the luckiest too
they got shit lucky for investing Alibaba, otherwise just a bunch of idiots