SoftBank shafts startups

www.axios.com

This week it was reported that SoftBank's Vision Fund has been repeatedly violating an unwritten rule of the Valley - it's pulling term sheets. Apparently the fund has been bailing on deals, pulling term sheets after agreeing to invest thus leaving companies in the lurch. This is the investment equivalent of leaving someone standing at the altar, only someone is a company that likely has hundreds of employees and, instead of calling off a wedding and leaving people eating catered food and wondering if they can still have some cake, you're putting the company (and their employees' livelihoods) at risk.

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