[oldjokes]

They are truly innovative in the sense that they finally exposed the fact that much of tech startup funding is just a ponzi scheme by pushing it all the way to the IPO with no plan to ever make money. That's a new thing, usually only microcap companies were able to pull off that scam in the past.

Get out between series A/B if you want maximum return, the only losers in these phony companies that never make money are the last round of investors who get left holding the bag.

And if you're an employee looking at stock options in a startup just say no. Stop surrendering real money for fictional money. Get a higher base salary instead. Employees with equity plans are always at the bottom of the list to get paid out.

[skinnymuch]

SoftBank’s Fund was one of the last investors and poured billion in at a $48B valuation. So they won’t make a lot of money percentage wise but at worst they’ll make a small profit. Otherwise they could make over a billion or two profit from their investment. The other last investors got in at higher valuations. So if Uber drops more they’ll lose out. Though even they won’t lose a ton of money percentage wise.