The news just keeps getting worse for SoftBank. "OneWeb, a satellite start-up that had raised $3 billion in venture funding from investors including SoftBank, the Japanese conglomerate, filed for bankruptcy on Friday and plans to sell itself."
Can we finally admit that SoftBank's model of so-called VC funding success is really just a colossal failure? The throw-everything-into-it approach of making Unicorns a reality just doesn't work.
Normally I would agree, but in this current shit-show of a market even investments in Delta can evaporate. Looks like everyone's suffering. Imagine even healthcare ETFs saw a 15% loss so far.
Can we finally admit that SoftBank's model of so-called VC funding success is really just a colossal failure? The throw-everything-into-it approach of making Unicorns a reality just doesn't work.