this post was submitted on 14 Aug 2023
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SoftBank is suing portfolio company IRL after it admitted 95% of its users were fake. VCs are stressing the need for ‘uncomfortable’ due diligence (archive.ph)
submitted 1 year ago by [email protected] to c/[email protected]
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SoftBank is suing portfolio company IRL after it admitted 95% of its users were fake. VCs are stressing the need for ‘uncomfortable’ due diligence::undefined

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[–] [email protected] 2 points 1 year ago (1 children)

That just makes it worse and totally deserved.

"You had one fucking job!"

[–] [email protected] 2 points 1 year ago

Softbank's explicit strategy on their "Vision Fund" was to bankroll their investments with so much money, that all other competitors lost.

Its harmful to our economy and people need to recognize how targeted and how much of a dick-move this was for the last 10 years.