this post was submitted on 28 Jun 2023
52 points (100.0% liked)
Technology
378 readers
1 users here now
This magazine is dedicated to discussions on the latest developments, trends, and innovations in the world of technology. Whether you are a tech enthusiast, a developer, or simply curious about the latest gadgets and software, this is the place for you. Here you can share your knowledge, ask questions, and engage in discussions on topics such as artificial intelligence, robotics, cloud computing, cybersecurity, and more. From the impact of technology on society to the ethical considerations of new technologies, this category covers a wide range of topics related to technology. Join the conversation and let's explore the ever-evolving world of technology together!
founded 2 years ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Masayoshi Son (founder of Softbank and the legendary Vision Found) was lucky with Alibaba once. His strategy is literally (confirmed by many founders) that if you throw enough money in there (usually in 150mn+), it'll scale and be a unicorn.
Well, what do you think happens if you are a unicorn founder raising maybe 500k-2mn and some oversees fund comes along and gives you 170mn with the only goal of scaling globally.
Launch events here, new market there, private jets, ... Softbank and Son is also known for his lax oversight in his investments and throwing more money at it when they become bankrupt.
Another famous example is WeWork (10bn+ investment by Softbank).
And every story is just exceptionally dumb and easily avoidable.
Source: Experience