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Whoah, SoftBank is breaking termsheets. Watch out, founders. This is one of the most damaging things that can happen to a startup.https://www.axios.com/softbank-walk-away-startups-honor-creator-seismic-8d4adc0c-dcfb-42d3-982e-f422a9963be8.html …
SoftBank's weaselly explanation ("our investment process is more rigorous than unregulated investors and typical VCs"), if it were true, would imply that they'll continue to break termsheets. So if you take them at their word (I don't), you should avoid them forever.
weaselly
their talk about dd couldn’t be further away from truth
you dont know how spot-on you are with both of these :)
Keep working to grow to valuation & surpass it. Then make sure to have enough FCF to invest in & continue operations without the need for continuous external funding.
Is this process the 15 minutes with Masa?
They are the very worst for a half dozen reasons
Have advised friends to be careful when joining SoftBank invested organizations. If the valuations makes sense, does it hold based on current numbers and growth.
I'm interested in seeing how OYO pans out over the coming year.
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