"The mistake SoftBank made wasn’t investing in them, it was investing at a valuation that grossly overestimated the size of the opportunity, and how quickly they would see their return."
That doesn't say much. When you're off by 20X for a close-to-IPO company that's a huge mistake and the diff in funds would've been better spent on spray and pray R&D. Many companies are good investments at 20X lower valuations than what they recently raised at.
That doesn't say much. When you're off by 20X for a close-to-IPO company that's a huge mistake and the diff in funds would've been better spent on spray and pray R&D. Many companies are good investments at 20X lower valuations than what they recently raised at.