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by hughpeters
2401 days ago
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It's good for tech that the public market's response to WeWork has brought some well deserved scrutiny to SoftBank. Their investing behavior over the last several years has pushed up VC valuations to unhealthy levels and contributed to this "Unicorn or die" startup culture. A high private valuation alone is not an accomplishment. While revenue growth, happy customers and a clear path to profitability are accomplishments worth celebrating. Hopefully after this SoftBank fiasco more startups and VCs will focus on fundamentals more than jaw dropping valuations. |
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