The punchline is he got funding to do it again - this time in residential real-estate[1]. Hard to reconcile stuff like this with the idea that SV is somehow meritocratic.
We used to joke back in investment banking and private equity that Softbank investments are steaming piles of shit we should stay away from. Perhaps a16z should be added to the gang too.
We used to joke back in investment banking and private equity that Softbank investments are steaming piles of shit we should stay away from. Perhaps a16z should be added to the gang too.