[echopom]

> Even if there was humiliation, it was humiliation with a $400M+ payout to Adam Neumann. Softbank set up a really bad example in the industry:

AFAIK has always been this way for at least a decade.

An example would be Docker , has raised more than 200M yet it had no decent stream of revenue , it's litterrally a dead man walking yet the CEO left the boat years ago with tens of millions...

Startups that failed and have their founders go "bankrupt" are startups that you never ever hear about... The rest of startups you'll find on HN or have raised 100M+ millions often have their founders pocket millions when they raise very large amount ( 50M+ )...

There no surprise here , once you manage to get a business to a certain valuation / run-rate it's worth a lot thus you can trade that for cash , regardless of the "humiliation"